Fed Funds Rate Cut .75 Percentage Point to 2.25 Percent

U.S. Federal Reserve ^ | March 18, 2008 | Press Release

[TopQuark]

The real interest rate is already negative.

[GalaxieFiveHundred]

Analysts react to Fed's strategy.

[Roccus]

Thanks for that.
Fixing those machines was my bread and butter for two decades.
I still love the sound.

[hripka]

Another cut for FREE-market capitalism!

[quack]

Sounds good,but how long will it last?I'm just reading the details of the Feds first ever,tax payer backed,lending to security's dealers that allow them to borrow from the Fed directly.Until now,only banks were only allowed to borrow from the Fed.

"There won't be another Bear in the U.S. capital market," he added. "A Lehman, Morgan Stanley, Merrill or Goldman can get all the cash they need from the Fed to prevent any run from closing them down."

That is damn scary.Securities in trouble?We must raise your taxes to keep them afloat!

[HamiltonJay]

Yep, market wanted and expected full point.

[familyop]

Only .75 percent? So the free traitors can threaten the Fed. into policy decisions in their favor.

[hripka]

Are those denominated in dollarettes?

[Toddsterpatriot]

The Fed doesn’t get their money from tax receipts.

[abb]

I still love the sound.

When you heard that sound it meant NEWS! Now the sound of news is a mouse click or a Microsoft sound effect. Progress is kinda sad sometimes.

[ovrtaxt]

Lemmings futures still down.

[NoLibZone]

With gas at 5.00 and rising, food prices increasing a cut to .5% will have little effect.

Now that I have to pay 700 month on gas I shall be being much less stuff.

Thank God we don’t explore alternative fuels.

I shudder to think; what effect having the ability to run 10% of cars and light trucks on other than oil, would do to speculators.

[TheBattman]

Now that I have to pay 700 month on gas I shall be being much less stuff.

What kind of stuff are you when you gas costs are down? /S

[Oatka]

Just like 1929 - the Feds are “pushing on a string”. Banks are scared spitless and no matter how low the interest rate, they won’t loan money out to less than super-perfect debtors.

[quack]

That's what I always thought.However,this article say "taxpayer backed".

http://personal.fidelity.com/research/stocks/content/marketsindex.shtml?refhp=c

[mysterio]

Cool, I can't wait for my money to be worth even less.

Go, Bernanke, Go!

[Toddsterpatriot]

They don’t need the taxpayer, they can create their own.

[quack]

read the article and see what you think.

[Roccus]

When you heard that sound behind the "NEWS" it was more'n likely a 60WPM model 15

[rwfromkansas]

My wife and I are hoping to be looking for our first home in December or so, so this is good news.

I always wonder when people freak out about the economy being bad. Often it rarely hits people personally in the pocketbook. I am starting to feel it a bit in gas and food prices, but other than that, it isn’t too bad.

Food isn’t really up that much from this time last year.....sure, about 20 bucks, which sucks.......but you know what??????? That is still peanuts in a monthly budget.