Fed Lowers Interest Rates To 3.5 Percent

Ahead of Wall Street’s opening today, the Fed reduced interest rates 0.75% to 3.5%. The rate reduction came ahead of it’s next scheduled meeting on January 28.

This is a large reduction which might help settle the markets a bit. Early reports (based on futures) this morning had the market dropping 500 points. Only time will tell if investors take this as good or bad news.

What do you think? Is this what the markets and the economy need?

January 22, 2008 | Filed Under Economy 

Comments

One Response to “Fed Lowers Interest Rates To 3.5 Percent”

  1. ING Direct Lowers Interest Rate After Surprise Fed Move on January 23rd, 2008 7:17 am

    [...] yesterday’s interest rate reduction by the Fed, ING Direct has lowered the interest rate on their Orange Savings Account from 4.1% to [...]

Leave a Reply