July 13, 2024

Today, the Federal reserve cut it’s federal funds rate, the interest banks charge on overnight loans, by 1/2% to 1 percent. The last time funds rate was lower than this was in 1958.

Will other rate cuts be in the offing? Some analysts think so.  They feel the Fed could drive the funds rate as low as 0.5 percent and might even go to zero.                      

Richard Adams: The Fed’s interest rate cut isn’t enough to save … – Richard Adams: With official interest rates near zero, the US may as well start printing money to bail-out Detroit – and everyone else.

Fed Cuts Interest Rate – Stocks advanced after the Fed cut a key short-term interest rate to the lowest level on record to a range between zero and 0.25 percent, but the excitement wavered this morning as U.S. stock futures appear to be returning to their …

t r u t h o u t | Fed Cuts Interest Rate to Historic Low – President-elect Barack Obama noted Tuesday during a Chicago news conference that the Fed has cut interest rates almost as low as possible. That makes it “critical that the other branches of government step up” and work to stimulate the …

How U.S. Federal Reserve historic Fed interest rate cut affects … – CEOWORLD Magazine brings you the latest news from around the world, covering breaking news in business, finance, politics, entertainment, and more…

Fed cuts key interest rate to historic low – San Jose Mercury News – Fed cuts key interest rate to historic low. Mercury News wire services. Article Launched: 12/16/2008 07:25:10 PM PST. The Federal Reserve entered a new era Tuesday, lowering its benchmark interest rate virtually to zero — for the first …

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