The FED cut the Fereral Funds Rate 3/4 of a percent, to 2.25% today, in an effort to avoid a recession.  With lower rates consumers are encouraged to spend and borrow more.

Some people think that as the dollar weakens with each cut we could see higher gas and food prices, and higher prices for imported goods.  We will have to wait and see what affect this has on our economy.

Thanks,

Clint

 

3 Comments on Another Big Rate Cut

MAR
18
2008
 I hate to say it but I believe the country is headed for worse than a recession. It is as bad as I've ever seen. I also talked to my father (30 years older, 60 years wiser) and he agrees.
2:00pm • #1
MAR
19
2008
637,065 Points 10 Featured Posts Localism Sponsor Outside Blog
It will probably improve our trade with other countries. The products built here are now cheaper than they have been, and tourist from other counties are more likely to visit. In the global commerce where parts are made and shipped from everywhere to anywhere, a few percentages in cost may a big difference.
9:19am • #2
OCT
09
2008

very interesting
2:49pm • #3


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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

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