Home : Blogs : Joshua A. Lerette VA FHA FL Mortgage FL First Time Homebuyer Florida Mortgage : Joshua A. Lerette VA FHA FL Mortgage 's Blog

Fed keep short-term key rates the same

Federal Chairman Ben Bernanke and Central Bank end a nine-month rate slashing and keep the current federal short-term key rate at 2%. With on going concerns of inflation the Fed's majority voted to keep the key rate the same with only Dallas Federal Reserve Bank president Richard Fisher voted for a rate hike at the meeting. Rising cost of oil and other goods still place a strain on our current economy, but oil dropped almost $3 this afternoon after an unexpected announcement of oil surplus. You can read more here. Reading this lead me to remember an article on CNNMoney in the Fortune section suggesting that oil prices will crash much like the housing market, read that article here.

Posted by Joshua A. Lerette VA FHA FL Mortgage FL First Time Homebuyer Florida Mortgage on 06/25/2008 02:11 PM

Comments (2)

rate, key rate, bernanke, inflation, oil

Post is included in group: All Things Florida
Post is included in group: No Writer's Block Allowed!
Post is included in group: Dedicated Bloggers
Post is included in group: Active Rain Block Party
Post is included in group: anythinggoes

2 Comments on Fed keep short-term key rates the same

Josh,

Good info!

Mike

06/25/2008 02:16 PM

by Mike Lewis San Diego Realtor (Dawn Sells San Diego)

Thanks for being the first to post this news on AR today.

06/25/2008 02:21 PM

by Richardson TX Realtor Mindy&Jay Robbins Richardson Texas Real Estate Specialist (Robbins Real Estate Group www.teamrobbins.com)