MoneyRates Blog
Bank Rates to Rise in 2011, Bank Economists Predict
By Barbara Marquand | Money-Rates Columnist
Bank economists say we’re on the path to a solid recovery, a double-dip recession is highly unlikely, and they expect the Fed will start raising interest rates next year.
The prediction about rising interest rates was unanimous among the dozen members of the American Bankers Association Economic Advisory Committee, which recently released its views on how [...]
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The Fed Goes to the Mat
By MoneyRates team | Money-Rates Columnist
The Federal Reserve delivered another strong shot of adrenaline to the sagging U.S. economy by reducing the federal funds rate to an all-time low of 0.25%. The benchmark rate used by banks for lending is likely to stay low for quite a while according to the language in the released statement from the policy-making committee. [...]
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Will the Fed Drop Rates?
By MoneyRates team | Money-Rates Columnist
A majority of economists are predicting at least another quarter point drop in interest rates will be announced by the Fed tomorrow with an outside chance of a half point decrease. Recent economic releases which have highlighted just how sluggish the U.S. economy has become have bolstered the ability of the Fed to aggressively lower [...]
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The Fed Cuts Rates a Quarter Point
By MoneyRates team | Money-Rates Columnist
The Fed voted to lower the fed funds rate a quarter point to 4.50% today with one dissenting vote. The rate cut, which follows a 50 point cut in September, will effectively lower the prime lending rate in the United States to 7.50%. Loan payments, mortgages, and credit cards which are indexed to the prime [...]
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INTEREST RATE FORECAST
By MoneyRates team | Money-Rates Columnist
This week the Federal Reserve meets and for the first time in over two years Fed watchers are discussing the Federal Open Market Committee (FOMC) lowering short term interest rates as a realistic possibility. The Chicago Board of Trade offers futures contracts on the 30-day Federal Funds Rate (ZQ) with expirations from August 2007 to [...]
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Will the Fed Lower the Federal Funds Rate?
By MoneyRates team | Money-Rates Columnist
Fed watchers have been buried with conflicting economic data as GDP, employment, consumer confidence, and even CPI (consumer price inflation) show an economy under control, while energy and food prices have increased significantly pressuring American consumers. Recent comments by the Fed indicate that the priority of keeping inflation in a narrow range of 1% to [...]
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Federal Reserve Keeps Rates Unchanged
By MoneyRates team | Money-Rates Columnist
The Federal Reserve kept their benchmark lending rate at 5.25%. The statement released by the Fed indicates that the Fed anticipates that despite slow economic growth inflation could persist in the economy.
“Economic growth appears to have been moderate during the first half of this year, despite the ongoing adjustment in the housing sector. The economy [...]
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