Real estate blog entries tagged with interest rates by Josh McLean (Clay and Company,LLC)

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Home : Blogs : Josh McLean : Josh McLean's Blog : Tag "interest rates"

interest rates: FED Cuts Rate Again - 04/10/08 04:59 PM

NEW YORK (CNNMoney.com) -- The Federal Reserve slashed a key interest rate by three-quarters of a percentage point Tuesday, in the central bank's continued effort to restore confidence in the economy and battered financial markets.
Although some experts cautioned that the cut may lead to more inflation, stocks soared as Wall Street cheered the news.
The Fed cut its federal funds rate, an overnight bank lending rate, to 2.25%. It is the sixth cut in the past six months and comes at a time when the Fed is trying to keep the economy from slipping into recession - although many think … (0 comments)

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Josh McLean

Santa Rosa Beach, FL

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Clay and Company,LLC

Address: 36008 Emerald Coast Parkway, Suite 601B, Destin, Fl, 32541

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