Experts are saying that Federal Reserve chief Ben Bernanke is is going to cut key interest rates by 1/2%, and possibly as much as 3/4% when the Fed meet again on March 18th.  Bernanke has said that the health of the U.S. economy is his biggest concern.

A half point cut would bring the Federal Funds rate to 2.5%.  It has already been lowered 2.25% since September 2007 to help keep the economy out of a recession.  Many think that after the March rate cut we might not see another cut for quite some time, to let things settle and then see what happens.

Thanks,

Clint

615-972-8221

http://www.besttnloans.com/

 

 

1 Comments on Rate Cut Is Going Happen

FEB
28
2008
637,065 Points 10 Featured Posts Localism Sponsor Outside Blog
I know that he said it on TV yesterday, but like a lot of people, I couldn't understand why they kept raising rates last year. It was sure to cause the economy to tank.
8:18pm • #1


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Clint Haynes

Mount Juliet, TN

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Peoples Home Equity, Inc.

Address: 2685 N. Mt. Juliet Rd., Mt. Juliet, TN , 37122

Office Phone: (615) 288-4452

Cell Phone: (615) 972-8221

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