Ben Benarnke and the Federal Reserve have once again cut the key interest rates this time to dayum near 0%. This unprecedented rate will be kept between 0-0.25%. The Feds figured this would be the best move to combat the worst financial crisis since the 1930's. By lowering the rate they are hoping that this will lower the banking interest rates and get the economy going once again.
So if you are in the market for a new home or need a loan to get a business started, get out there and spend cuz the rates can't get any lower than this!
Tuesday, December 16, 2008
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