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 =(
Another rate cut
March 17th, 2008 at 03:13 pm
March 17th, 2008 at 03:53 pm 1205769227