The Federal Open Market Committee met today and decided to keep the Federal Funds Rate between 0% and 0.25%. Below is a quote from a very good analysis on Businessweek: The FOMC stuck to its target range for the federal funds rate at 0% to 0.25%, and signaled that rates are likely to remain at [...]
Posts under ‘Economics’
Sign of the Times: Divorce Rate Drops
Marketwatch had an interesting story on how divorce rates have fallen during this economic recession. The article appeared this weekend and quotes a Phoenix area family law attorney Bonnie Booden: Hitched to the economy Divorce rates drop as couples realize it’s cheaper to stay together By Marty Orgel SAN FRANCISCO (MarketWatch) — The recession and [...]
Fed Funds Rate is at Zero, Prime at 3 Percent
Image via Wikipedia Amazing. The Fed cut the target federal funds rate to between 0% and 0.25%. This is a significant event in many ways. Rates can not go further down. Which means the only leverage left for the Feds to influence US Monetary Policy will be through their balance sheets (buying/selling assets etc.). Below [...]
