Wednesday, January 23, 2008

Fed's Rate Cut Tumbles Savings APYs!

[This post is written and copyrighted by FIRE Finance (]While investors had speculated a rate cut of 0.5%, the Feds went ahead and surprised all with a 0.75% rate cut! This is the Federal Reserve's biggest interest rate cut in 18 years. The new rate of 3.5% is the lowest since September 2005. Though this act reflects serious concerns about a deteriorating U.S.

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