FED reduces Prime Rate…Creating Cash Flow and Additional Credit
The FED just announced it is reducing the prime late of lending by .25%. The reduction is a part of a series of reductions the FED has ordered to attempt to slow the recession, the stem the tide of the housing/real estate bust. I anticipate that the FED is not quite done with their efforts to positively impact our economy as the stock market continues to be confused whether it is in a bear or bull mode. Good and wise investing, whether in times of uncertainty, growth, or decline, will always be a good bet in planning for your long term future.
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