30 Jan
Fed Cuts Rates by Half-Point .5% and Forclosure Rates Up by 79%
With economic data coming out this week showing slower growth with 2.2% growth in the fourth quarter of 2007, foreclosure rates up by 79%, the Federal Reserve has acted and dropped the Fed Funds Rate by .50% to 3.0%
We will update you with a new graph of rates and a commentary. But now what is next? Will the Federal Reserve continue to reduce rates and how will the economy fair. Please comment and let us know what you think.
Stay tuned.
