The Federal Reserve Drops Interest Rates by 1/2 a Point

Today, Yahoo! News reported (via the Associated Press) that The Federal Reserve dropped interest rates by half a point instead of the assumed three-quarters of a point. This is in hopes of the economy bouncing back from a recession that most news outlets have been anticipating on occuring for at least 2 months now. Around the world, the economies of other nations have started a downturn as well because of talks of a recession here in The U.S. The AP also reported that this definitely would not be the last time in the near future that The Federal Reserve may have to drop interest rates.

With all this talk of dropping interest rates and government rebates circulating for the past few weeks, is it now safe to say that The U.S. is in the grips of a recession?

Random Thought of the Moment: “You wanna stop the recession? How about a national cap on gas prices?”

The Song of the Moment: “The One That Got Away” by Johnta Austin

Advertisements
This entry was posted in Society, The Economy. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s