Another Big Rate Cut

By
Mortgage and Lending with Peoples Home Equity, Inc.

The FED cut the Fereral Funds Rate 3/4 of a percent, to 2.25% today, in an effort to avoid a recession.  With lower rates consumers are encouraged to spend and borrow more.

Some people think that as the dollar weakens with each cut we could see higher gas and food prices, and higher prices for imported goods.  We will have to wait and see what affect this has on our economy.

Thanks,

Clint

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Rainer
5,336
Jimmy Collins
Knoxville Area Real Estate
Century 21 Select Properties
I hate to say it but I believe the country is headed for worse than a recession. It is as bad as I've ever seen. I also talked to my father (30 years older, 60 years wiser) and he agrees.
March 18, 2008 02:00 PM
Rainmaker
713,607
Larry Brewer
Nashville Real Estate
Benchmark Realty LLc
It will probably improve our trade with other countries. The products built here are now cheaper than they have been, and tourist from other counties are more likely to visit. In the global commerce where parts are made and shipped from everywhere to anywhere, a few percentages in cost may a big difference.
March 19, 2008 09:19 AM
Anonymous #3
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very interesting

October 09, 2008 02:49 PM
Anonymous
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Rainer
25,304

Clint Haynes

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