Real estate blog entries tagged with mortgage rates inflation by Illinois Financial Advisor Greg Zaccagni (Farmers Insurance)

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Home : Blogs : Illinois Financial Advisor Greg Zaccagni : Greg 's Blog : Tag "mortgage rates inflation"

mortgage rates inflation: World Governments Enact Emergency Rate Reduction - 10/08/08 10:08 AM

The Federal Reserve, acting in coordination with other global central banking authorities, cut the Federal Funds rate, a key interest rate by (1/2%) half percentage point Wednesday in order to help stabilize the current lending crisis threatening the US economy.
The Bank of England cut its rate by half a point while the European Central Bank reduced their's as well. Other central banks also taking part include the banks of Canada, Sweden, and Switzerland.
China also cut its key interest rates Wednesday for a second time in less than one month to stimulate slowing economic growth amid the global credit crisis.
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Illinois Financial Advisor Greg Zaccagni

Wheaton, IL

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Farmers Insurance

Address: Dupage, Kane, Cook County etc.., Wheaton, IL, 60189

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