That Means the Fed lowered Fed Funds by .75%. That means a target range of .25%... Thats right, not a typo... 0.25% Scary in a way. What else are they going to do to spur the economy now? I guess they will continue to print money at warp speed and pump it into the economy. Along with the Easing, they announced that they will continue to buy mortgage backed securities, This made the mortgage market happy and we are in the midst of a rally as I type. Price up=yield down, so a rally is certainly a good thing. At some point in time I think the market will begin to worry about inflation. Record low rates along with a printing press spitting out green backs at a feverish pace has the potential to spur run away inflation. But for now the worry is to avoid deep recession, and they are throw...
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