With eye on inflation, Fed lowers rates again »
Posted By TechnologyExpert 1 year, 6 months ago in Business & FinanceThe Federal Reserve has cut a key interest rate by a quarter-point, a smaller move than the aggressive easing it undertook earlier this year.
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TechnologyExpert
I am Editor-in-Chief at Alice Hill's RealTechNews (http://www.realtechnews.com). I also have my own blog (Tech-Ex) at http://TechnologyExpert.Blogspot.com. Finally ...
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markmawn21 year, 6 months ago
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GHOSTWHOWALKS1 year, 6 months ago
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Yep. It's called inflation but they don't care.
I've begun to wonder if destroy our currency isn't paving the way for the AMERO, Nah. The Fed wouldn't be that stupid, or would they? They'd have a revolution on their hands. Must be something else going on.
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quackpot1 year, 6 months ago
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The Fed lowers interest rates by exchanging newly printed money for Treasury notes.
The newly printed money that is injected into the economy decreased the value of existing dollars.
Of course, other factors also contribute to the rising cost of fuel and food. One is crude oil price.
Oil prices were stable for about 20 years until 2004. What major destabilizing event took place in the middle east took shortly before 2004? hmmmm. Thanks once again, Mr. Bush.
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newbie0420Comment removed: Hard Banned2 Replies
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saneman1 year, 6 months ago
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There is no question that twiddle dee and twiddle dumb are making decisions for the US. When the Feds cut the rate this week, the dollar immediately dropped by 100 pips, and I am sure the oil will spike upwardly as a result. There is no need to further cut the rates.
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joeblowe1 year, 6 months ago
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I don't get the "disappointment" that the Fuds might stop lowering rates. How much lower than 2 FREAKING PERCENT does anyone think is reasonable? You want to make a REAL impact? Force the banks to lower their CREDIT CARD rates to 4 or 5%. THEN you will see them making more sensible decisions about WHO they offer credit - and damn quick.
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saintetienne1 year, 6 months ago
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"Force the banks to lower their CREDIT CARD rates to 4 or 5%. THEN you will see them making more sensible decisions about WHO they offer credit - and damn quick."
How about CONSUMERS making more sensible decisions by paying off their debt and exercising restraint with their credit cards?
Nah. That would require personal responsibility and common sense - two things that have gone the way of the dodo.
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