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Fed Cuts Federal Funds Futures Rate by 75 Basis Points, Discount Rate by 50 Basis Points
Started by Jorge · 3 months ago
Below is the statement released by the Federal Open Market Committee after its March 18 meeting on interest rate policy:
The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent.
Recent information indicates that the outl ... Continue reading »
The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent.
Recent information indicates that the outl ... Continue reading »
8 months ago
8 months ago
8 months ago
I was disappointed Tuesday but wasn't surprised Wednesday. Fed's putting themselves in a small corner if you ask me. I hope they keep interest rates this low for about a year though so that my wife and I can purchase a house at a decent price/rate!
Leon,
FedEx just reported this morning and while revenue was up, they've guided down which leads me to believe that they're seeing the US in a slowdown.
Disclaimer: My father works for FDX.