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Fed Funds Rate Cut .75 Percentage Point to 2.25 Percent
U.S. Federal Reserve ^
| March 18, 2008
| Press Release
Posted on 03/18/2008 11:14:20 AM PDT by Aristotelian
The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2.25 percent.
(Excerpt) Read more at federalreserve.gov ...
TOPICS: Breaking News; Business/Economy
KEYWORDS: economy; fed
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To: John Jorsett
The real interest rate is already negative.
61
posted on
03/18/2008 12:07:43 PM PDT
by
TopQuark
To: Aristotelian
Analysts react to Fed's strategy.
To: abb
Thanks for that.
Fixing those machines was my bread and butter for two decades.
I still love the sound.
63
posted on
03/18/2008 12:12:48 PM PDT
by
Roccus
(People seldom do what they believe in. They do what is convenient....then repent.)
To: Aristotelian
Another cut for FREE-market capitalism!
64
posted on
03/18/2008 12:13:15 PM PDT
by
hripka
(There are a lot of smart people out there in FReeperLand)
To: abb
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!
65
posted on
03/18/2008 12:13:18 PM PDT
by
quack
To: quack
Yep, market wanted and expected full point.
To: Aristotelian
Only .75 percent? So the free traitors can threaten the Fed. into policy decisions in their favor.
67
posted on
03/18/2008 12:14:08 PM PDT
by
familyop
(Worthless male weekend warrior has-been trash with no degree.)
To: xtinct; italianquaker
Are those denominated in dollarettes?
68
posted on
03/18/2008 12:14:16 PM PDT
by
hripka
(There are a lot of smart people out there in FReeperLand)
To: quack
The Fed doesn’t get their money from tax receipts.
To: Roccus
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.
70
posted on
03/18/2008 12:21:34 PM PDT
by
abb
(Organized Journalism: Marxist-style collectivism applied to information sharing)
To: Lazamataz
Lemmings futures still down.
71
posted on
03/18/2008 12:22:19 PM PDT
by
ovrtaxt
(Member of the irate, tireless minority, keen on setting brushfires of freedom in the minds of men.)
To: Aristotelian
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.
72
posted on
03/18/2008 12:23:05 PM PDT
by
NoLibZone
(Duncan Hunter- The very Govts unwilling to support us in the WOT got the Fuel Tanker Deal)
To: NoLibZone
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
73
posted on
03/18/2008 12:25:12 PM PDT
by
TheBattman
(LORD God, please give us a Christian Patriot with a backbone for President in 08, Amen.)
To: Aristotelian
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.
74
posted on
03/18/2008 12:26:13 PM PDT
by
Oatka
(A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
To: Toddsterpatriot
That's what I always thought.However,this article say "taxpayer backed".
http://personal.fidelity.com/research/stocks/content/marketsindex.shtml?refhp=c
75
posted on
03/18/2008 12:27:00 PM PDT
by
quack
To: Aristotelian
Cool, I can't wait for my money to be worth even less.
Go, Bernanke, Go!
76
posted on
03/18/2008 12:27:56 PM PDT
by
mysterio
To: quack
They don’t need the taxpayer, they can create their own.
To: Toddsterpatriot
read the article and see what you think.
78
posted on
03/18/2008 12:29:37 PM PDT
by
quack
To: abb
When you heard that sound behind the "NEWS" it was more'n likely a 60WPM model 15
79
posted on
03/18/2008 12:34:16 PM PDT
by
Roccus
(People seldom do what they believe in. They do what is convenient....then repent.)
To: techworker
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.
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