Fed cuts Fed Funds rates by 1/2%

While it doesn’t mean that the economy is going to take a massive upswing, the Fed has cut the rates again by .5% to 4.75%

Half point drops are big. Maybe my student loans will be able to breathe a little easier and maybe I’ll actually open those consolidation junk mails that I get since some of mine are at horrid rates.

No full press releases were out yet on this. But some information can be found on Reuters.

This entry was posted on Tuesday, September 18th, 2007 at 10:17 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.