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- 0.25% is the lowest the Federal interest rate has ever been since the Fed started publishing the target in 1990Wall Street Journal: Fed Cuts Rates to Historic Low (December 16, 2008)
- Monetary policy: Measures taken by the Federal Reserve to influence cost and availability of money
- Federal Funds Rate is the interest rate charged on loans by the Federal Reserve and depository institutions to other depository institutions
- Discount Rate is the interest rate charged on short-term loans by a central bank to depository institutions
- Federal Funds Rate: 0.25% as of December 2008Wall Street Journal: Fed Cuts Rates to Historic Low (December 16, 2008)
- Discount Rate: 2.75% as of April 2008New York Fed.org: Historical Changes of the Target Federal Funds and Discount Rates
- Federal Reserve Chairman: Ben Bernanke
- Federal Reserve system created after the Federal Reserve Act of 1913
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Interest rates are fees paid in order to utilize capital and are expressed as a percentage. In the U.S., there are two critical interest rates that are set by the Federal Reserve: the two mechanisms that influence monetary policy are the Federal Funds Rate and the Discount Rate.
After cutting the interest rate to 1% in October of 2008, the Fed cut the interest rate again on December 16, 2008, by another 3/4 of a percent, bringing the rate down to an historic 0.25%.Wall Street Journal: Fed Cuts Rates to Historic Low (December 16, 2008)
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Interest Rates Questions
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I should be closing on a house in 30 days - When should I lock in my rate?! Its like gambling right now.... 1 AnswerI would lock in now. A loan in the low 5s is historically excellent and not likely to be seen again in quite some time after the economy recovers. read more -
Will the Fed start raising interest rates? Is the Stock Market ready for the rate increases? 1 AnswerThe Fed raises interest rates when the FOMC consensus is that inflation is a greater concern than further economic slow-down. Thus, once the FOMC concludes the ... read more -
Lowest fixed interest rate credit cards? 3 AnswersThe lowest rate I could find was with Nordstrom. Their rate is as low as 4%! However, I personally use Bank of America. Although they have a higher rate of a... read more -
Under what conditions will the Fed start raising interest rates? 2 Answerslove it! I wonder too. It would be nice to see banks offering more than 1% on savings accounts and 2% on cds!!!!!!!!!!!! read more
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interest rates are freaking ridiculous 4.625% http://bit.ly/6FcEIe I bought my rate down to 5.0 and it makes my monthly payment super low.
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Will Dubai default lead to higher interest rates and a rise in the dollar vs emerging markets?
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What is the interest rate of your car loans? Lagenia T-Bronx Ny: Finance rates vary based on the equity positio.. http://bit.ly/4PyRTt
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I think govt debt will take away any steam the economy had. Interest rates will rise bringing hardship and defaults
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Ground Reality: Micro-finance also leads to suicides in rural areas: Moreover, the interest rates charged by mi.. http://bit.ly/5pQMly
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