Fed Interest Rate Cut

Posted on December 11, 2007
Filed Under Finance, News | Leave a Comment

Fed Interest rate cut today. The Federal Reserve Board has planned to cut the borrowing interest rate. It has been be cut a quarter of a percentage point.

The cut comes after many are having issues with their housing loans and being able to afford the current interest rates. With the rate being cut the stock market has seemed to take a dive. Currently the interest rate is at 4.25 percent.

Some believe that the interest rate cut is not as much as it should have been. As more details come in we’ll provide breaking news on the rate cut and the current economy.

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