Keyword: prime rate

Tail Wags Dog, Market Jitters Forces Fed to Drop Rates

Tail Wags Dog, Market Jitters Forces Fed to Drop Rates

The Fed dropped rates by a whopping 0.75% this morning. This was not expected at all. This is the biggest drop in rates since 1990. Now considering there has been a major terrorist attack, two bubble crashes and one international financial crisis which almost took down the entire Asian financial markets during this same time and the Fed didn’t do ...

Shailesh Ghimire | 2008/01/22  | 6 Comments Real Estate

Tail Wags Dog, Market Jitters Forces Fed to Drop Rates

Tail Wags Dog, Market Jitters Forces Fed to Drop Rates

The Fed dropped rates by a whopping 0.75% this morning. This was not expected at all. This is the biggest drop in rates since 1990. Now considering there has been a major terrorist attack, two bubble crashes and one international financial crisis which almost took down the entire Asian financial markets during this same time and the Fed didn’t do ...

Shailesh Ghimire | 2008/01/22  | 6 Comments Real Estate