This story is archived

Would Fed offer US banks rate relief? »

Posted by: gatitabonitasen 2 years, 7 months ago
Archived 30 0 drops

NEW YORK (Reuters) - U.S. banks may get some long-awaited relief if investors are right that the next Federal Reserve interest-rate change will be down, not up. Nine months after it ended a string of 17 rate rises, the central bank on Wednesday hinted that when it next changes rates it might loosen monetary policy, or at least investors focused

Read Full Story at reuters.com »
Submitted By:
gatitabonitasen

Never end a wish without whispering
I Belive ! ... and make 2008 your dream -come -True-Year .

This Story is Archived and Commenting is Closed

Comments: 6
  • Avg rating: (+8/-1 7)NelsonR
    NelsonR
    March 23, 2007, 11:45 a.m.

    Who are you kidding. The only thing propping up this economy for the last four years was low interest rates. Averting the inevitable has been the norm with the Fed.

    Now that the consequences are beginning to arrive the Fed. will repeat and worsen what will be. The economy must go through this downturn and self correct on its own.

    More government intervention, the worse the future will be. It's all a shill perpetrated on all. The blatant spending, coupled with very low savings has led what America must face now, a recession. Maybe a savings account will then mean something again, rather than a one or two percent rate of return. I know lately its at least around 4 to 5 percent, but a repeat of the past looks to be around the corner with the Feds shenanigans.

    • Avg rating: (+1/-0 1)JustCallMeV
      JustCallMeV
      March 23, 2007, 2:09 p.m.

      Unbelievable! Banks getting a break! Ask the people they trample on if the banks should get a break?

      -V-

      • Avg rating: (+3/-1 2)ParanoidX2
        ParanoidX2
        March 24, 2007, 1:56 p.m.

        The average Joe Tax payers are the one's who need a break not big business. The Federal Reserve Bank has their own interests in mind not yours or mine. 100% interest tax credit on all mortgage loans for anyone making less than 80.000 a year and owns one home.

        For that matter I believe no one making less than 100,000 should have to pay income tax at all. If Government comes knocking on your door and says" We're the Government and we're here to help RUN! Remember Katrina

        Big Government is nether competent or frugal. Give um a dime and they'll spend a dollar.

        All 6 comments are shown.

        Submit a Story

        Advertisement