Newest Fed interest rate cut

[joft]

Will the Fed cut interest rates again today?

If they do, what will happen-- what does it mean?

I think they won't. I hope they don't. If they did, it would just be one more signal that the government doesn't give a shit about non-corporate and/or non-investor citizens. If they do it, the dollar will sink lower, gas and food prices will go higher, and the recession might just get worse because of those two things alone.

So far I'm reading that analysts and futures markets are predicting the Fed will cut rates again today. That's a dumb fucking idea. We're just getting our "economic stimulus" checks now-- give that time to work! (I'm investing mine, however). And the main things that are hurting people right now are gas prices and food prices. I'm gonna be fucking pissed if the Fed lowers it again. And I'm an investor, so it works just fine for me, but it would be so fucking stupid that it pisses me off.

[Thor]

From what I hear, most people are likely to pay past due debts, buy gas or food with the stimulus checks, so I'm not expecting much of that to make it into the circulating portion of the economy.

But yeah, I get the impression they'll cut the rate, which really sucks when it comes to yields on the safer investments that the average person is likely to go for, like high yield savings accounts and CD's, etc.

[Titania]

Yeah, cutting rates worked so well in Japan. Great fuckin idea, fed!

I've been kind of frustrated with my investments lately, 'cause I have gone with some safer high-yield stuff. And it is higher yield than the open market. I wouldn't call it "high" though.

They need to keep it where it is. It'll probably only make it worse in the long run.

[Karl]

The Federal Reserve has cut its key interest rate from 2.25% to 2% as it aims to avoid a possible US recession.
-http://news.bbc.co.uk/2/hi/business/7376060.stm

Enough screwing around... End the Federal interest rate! Freedom for the market! Concessions where it matters!

[rawr]

Did the communist just say something that I agree with?