Good move by the Fed?
On March 22, The Federal Reserve raised its key interest rate for the seventh time in a row. This raise can be good or bad depending on what market you’re in. For people planning to buy a home or set in a variable interest mortgage this is bad. For me, the raise is good; it has made certain investments more appealing. In the article “How Does 3% Sound?”, Aleksandra Todorova says CD rates are finally starting to improve. With rates of 3 percent or better, CD’s are investments to research again. The raise boosted Treasury bond prices, sending yields lower, and also helped slow inflation, which has been a current concern in the economy. In general, I believe the interest raise was a good move by the fed for the country.
Posted by Ralph at 3/23/2005 07:56:00 AM