Moolanomy weekly roundup #9: “Rate Cut” edition

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Last week the Federal Reserve cut interest rate by half a point. This reduction in its target short-term rate is the first cut in that benchmark since 2003. Let’s see what bloggers are saying about this:

Money and Such, How to Play the Fed Rate Cut (editor’s pick)

This is a very informative post that explain how the rate cut affected: (1) Money Markets and CD’s, (2) International Investments, (3) The Domestic Stock Market, (4) Bonds, (5) Real Estate, and (6) Commodities

Blueprint for Financial Prosperity, Weekly Roundup: You Took A Paycut This Week (So Did I)

“You know how everyone in the stock market was ecstatic when the Fed cut interest rates by half a percent? Well, one of the results of that was the fall in the value of the dollar against other currencies; which meant everyone who is paid in US dollars took a pay cut this week”

Money, Matter, and More Musings, Top High-Yield Savings Accounts: Interest Rates And Some Thoughts

“After the recent cut in the Federal Funds Rate, it is anticipated that most high yield savings accounts will follow suit and decrease the interest rates offered on deposits. In fact…ING Direct has already reduced it’s savings account interest rate from 4.50% (yawn) to 4.30% (longer yawn).”

Money Ning, 50 Basis Points Fed Rate Cut and Mortgage Rates

“Most people think that the mortgage rate will decrease because of this move from the fed but this is not true! The fed cutting its rate does not mean that the fix mortgage rate will go down.”

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Have a great Sunday!

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Pinyo
Pinyo is the brain behind Moolanomy personal finance blog and a few other web sites. If you like this article, please subscribe for free daily email updates.

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2 Comments

  1. gravatar
    shadox
    September 25, 2007, 19:00

    Thanks for selecting my article!

  2. gravatar
    Make Friends, Earn Money
    May 30, 2008, 2:56

    not sure where the fed can go now that rates are so low already and I’m not sure further cuts are a good idea

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