MoneyRates Blog
Why the LIBOR Rate is Important to the U.S. Economy
August 13, 2007
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
LIBOR is the base interest rate paid on deposits between banks in the Eurodollar market. A Eurodollar is a dollar deposited in a bank in a country where the currency is not the dollar. The Eurodollar market has been around for over 40 years and is a major component of the International financial market. London [...]
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Global Credit Crisis and Interest Rates
August 10, 2007
By MoneyRates team | Money-Rates Columnist
By MoneyRates team | Money-Rates Columnist
Federal fund future prices are suggesting the Federal Reserve will be forced to do an emergency rate cut within the next week in advance of the September meeting according some market analysts. Fed Funds futures appear to have priced in a substantial likelihood that the Fed may make the move after a series of recent [...]
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