Fed Leaves Key Rate Unchanged, Says Economic Recovery Hurt by Problems Overseas

Translation of the Federal Reserve Press Release

Our super smart friends at the Federal Reserve announced today that they will once again hold its Fed funds rate at the 0 percent to 0.25 percent range. (What the heck is the Fed funds rate and why should I care?) The following is an official … [Read more...]

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Fed Makes Good on Promise to Keep Rates Low for “Extended Period”

Translation of the Federal Reserve Press Release

Our smart friends at the Federal Open Market Committee (FOMC) announced today that they will again hold its Fed funds rate at the 0 percent to 0.25 percent range. (What the heck is the Fed funds rate and why should I care?) While the decision to … [Read more...]

Quizzle.com is the easiest way to get a complete understanding of your credit. Visit Quizzle.com to get your free credit report and score. No credit card or social security number necessary!