Another Interest Rate Cut!

The Fed Chairman Ben Bernanke and his colleagues are having a 2-day meeting on the state of the economy starting Monday. On Tuesday most analysts think they will cut the rate by .50 percent. An interest rate cut of .05 percent will but the key rate to it’s lowest point ever, .50 percent. I think they could go all the way and drop it down to zero. And why not take it to zero, it can’t hurt us anymore then we’re already hurting. And who knows, it just might help free up some money for the banks to start lending again. With us being in the worst financial crisis since the 1930s every bit is going to help. But some analyst’s feel dropping the key interest rate might not be enough. If this move isn’t going to be enough what will be enough. I also keep hearing everyone saying things are going to get worst before things get better, but how much worst can things get. Every business sector is in financial crisis, which has never happened. So we’re is it going to get worst, can anyone answer that?

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This entry was posted on Sunday, December 14th, 2008 at 9:21 pm and is filed under Business, Economy, General Info, Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.