Banking, finance, and taxes
FOMC Enters Realm of 0% Interest Rates
Published:
Last Updated:
The FOMC voted, and the Fed Funds Rate has now been given a TARGET RANGE of 0% to 0.25%.
The Discount Rate was cut 0.75% and is now at 0.50%.
Some of the statements are as follows:
A link to the text of the FOMC statement is here.
The dollar just tanked on this news against foreign currencies.
The 10-Year is now yielding 2.43% and the 30-year Treasury yield came in to a low yield of 2.88% right after the news.
Jon C. Ogg
December 16, 2008
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.