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Fed Rate Cut: How Will It Affect the Economy (And You)

yieldingwealth.com — The Fed rate cut, the economy and whether or not it's actually good for your personal finance situation.

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  • lexbaby, on 10/29/2008, -0/+2Nice run down of the intended results of a rate cut and how it relates to personal budgets.
  • MikiSaxon, on 10/31/2008, -0/+1I don't think what I can borrow means a whole lot to consumer confidence right now, unless it's can I borrow to buy food, heat or pay rent/mortgage.
  • akhomestead, on 10/30/2008, -0/+1The fed is not the government. They are a private bank. And why does the government have to do anything? It was them trying to help that caused this as it is.
  • MMarquit, on 10/29/2008, -0/+1We'll have to see. But I don't know how much good it will do long term, even if we do see short term gains for the economy.
  • MMarquit, on 10/29/2008, -0/+1Thanks. I think that things may not work out as intended, though.
  • wisequeen, on 10/29/2008, -0/+0The government has to use the tools they have at their disposal and this is one of them. Will it kick start the ecomomy? maybe.

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