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Federal Reserve Cuts Interest Rate To Zero to .25%

The Federal Reserve cut its target for the federal funds rate, which is what banks charge each other for overnight loans. This key short-term interest rate is now at a record low range of zero to 0.25%, from the previous 1%. Ian Shepherdson, chief U.S. economist for High Frequency Economics said: "So here we are: Rock bottom.* View the full post at the San Diego MLS listing blog.

Posted by Downtown San Diego real estate Jared Schwartz, Real Estate agent on 12/17/2008 10:50 PM

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