CorpusTV.com Headline News
Will the Federal Reserve Cut The Lending Rate by 0.75% in January?
Editorial Opinion
January 14, 2008. Corpus Christi - Padre Island RE/MAX REALTOR Mr. C. KIM McGuire
There are all the economic signs that calls for the Federal Reserve Board to cut the lending rate by at least 0.5% during their next meeting. The Fed Chairman even spoke recently to the media stating that they will do what ever is necessary to keep the U.S. economy from entering into recession. Click HERE for MaketWatch.
So www.ActiveRain.com bloggers, Home Buyers, and Home Sellers, now the question is not 0.5% cut, but could a 0.75% be possible?
In order to bring a strong message to the financial districts, I believe that the Fed Reserve will cut the rate by 0.75% as a sign and a bold move to help stimulate the economy with 220 volts to the Aorta.
What remains at stake is still the price of oil. Oil prices have hit their highest and the price per gallon at the pump is affecting many average income earners in the country. More money spent on filling the cars and trucks means less money to spend on food and consumer goods. Increased oil prices also means increased cost for products and services. (Consumer Price Index) With all those cumulative increased costs, there will be many potential home buyers who may have to wait to enter the real estate market.
Have you seen the cost of a gallon of milk and an average steak lately? What's next? A six pack of Budweiser, Heineken, or a bottle of Robert Mondovi Cabernet Sauvignon? How about a Whopper?
Note: Contents of this article are the sole opinion of the REALTOR. Just like anything else in life, individuals MUST use their own research, analytical, decision, and prediction skills!
Padre Island Weather for Jan. 14, 2008: Low-60's and OPTIMISTIC!
Comments(8)