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Another rate cut

March 17th, 2008 at 03:13 pm

The Federal Reserve on Sunday lowered the discount rate from 3.5% down to 3.25%.

"The Federal Open Market Committee meets Tuesday, and analysts now expect the Fed to lower the federal funds rate -- the rate banks charge each other -- by a full percentage point, to 2%. Analysts also expect the Fed to cut the discount rate again."

Buh-bye savings interest rates =(

1 Responses to “Another rate cut”

  1. PauletteGoddard Says:

    Bah, blew my Saturday opportunity to purchase a CD.

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