Our 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. The following is an official press release from the Fed regarding its decision today and a translation (for the rest of us) from our Chief Quizzologist.
Posts Tagged ‘Federal Reserve’
Fed: Recovery Slow, Short-Term Rates to Remain Low
August 10, 2010Fed Leaves Key Rate Unchanged, Says Economic Recovery Hurt by Problems Overseas
June 23, 2010Our 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. The following is an official press release from the Fed regarding its decision today and a translation (for the rest of us) from our Chief Quizzologist.
Fed Caps Credit Card Late Fees, Bans Inactivity Fees
June 16, 2010The Federal Reserve Board announced Tuesday a new rule to protect credit card users from unfair fees. The rule caps credit card late fees at $25. Many credit card companies have been charging upwards of $39.
Fed Holds Key Rate, Sees Strength in Economy
April 28, 2010Our smarty-pants 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. Here’s the official press release from the Fed regarding its decision today and a translation (for the rest of us) from Quicken Loans Chief Economist Bob Walters.
Fed Makes Good on Promise to Keep Rates Low for “Extended Period”
January 27, 2010Our 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 hold rates at current levels was expected, the dissenting [...]
Fed Holds Key Rate, Making Other Significant Changes
November 4, 2009The Federal Open Market Committee (Fed) – or as we affectionately call them, the “smarty pants” of the banking world – announced today that it will again hold its Fed funds rate at the 0% – 0.25% target range. (What the heck is the Fed funds rate and why should I care?) While the Fed [...]
What the Heck Is the Fed Funds Rate and Why Should I Care?
September 23, 2009The Federal Open Market Committee (FOMC) – a bunch of smarty-pants from the Federal Reserve Board and Federal Reserve Bank – meet eight times a year to talk about money issues, one of them being the federal, or “fed,” funds rate. The fed funds rate is the rate at which banks lend money to one [...]
Fed Leaves Key Rate Unchanged, Sees Signs of Economic Improvement
September 23, 2009The Federal Open Market Committee, aka the “Fed,” announced today that it will keep its fed funds rate at the 0% to 0.25% target range. The fed funds rate is the rate at which banks loan money to one another and may impact the interest rates on your credit cards, savings accounts, short-term loans (like [...]
Fed Leaves Key Rate Unchanged, Appears Optimistic
August 12, 2009The Federal Reserve (Fed) decided today to leave its fed funds rate at the 0% to 0.25% range. According to Quicken Loans Chief Economist Bob Walters, the decision to hold the rate was widely expected by financial experts. “The Fed’s decision to maintain its Fed Funds rate at essentially zero is not a surprise,” said [...]
Fed funds rate stays at 0%; Federal Reserve Press Release Translated
April 29, 2009All the smarty pants who make up the Federal Reserve met today to once again discuss the state of the economy and determine the action needed by them to aid a struggling American economy. One of the main things they do is determine what the Fed funds rate will be. The Fed funds rate is [...]
Federal Reserve Talks, Mortgage Rates Drop
March 19, 2009Fed decided to keep targeting the Fed funds between 0-.25%. In bigger news, they announced they would spend another $1.2 trillion buying mortgage-backed securities and other debts from Fannie Mae.
