Fed to Cut Interest Rates Again

For the 10th time since September 2007, the Federal Reserve is set to decrease their interest rates. I can’t believe they are actually going to do it again. Currently at 1%, as early as next week we could be seeing .5% or even .25% interest on the funds our government is borrowing. That is good news for the auto makers who are begging for their “bailout” desperately trying to save their industry. Another benefit to our economy is when interest drops it leads banks to drop their prime rates, which influences the rates on your credit cards, home equity lines of credit...