Moolanomy weekly roundup #9: “Rate Cut” edition

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.”

Favorites from the M-Network:

• Financial Dominance, A Negative Side Effect to Paying Down Credit Cards
• Being Frugal, Avoid Going Into Debt When Disaster Strikes
• Gather Little By Little, Financial Peer Pressure, Stop The Influence!
• Plonkee Money, Advice to Freshers — that’s British way of saying Freshmen
• I’ve Paid For This Twice Already…, The Accidental Investor
• ChristianPF, How I organize my bank accounts — I am a visual person so I love the diagram.
  
• The Dough Roller, Protect Your King, Protect Your Assets — I love chess, so I like this whole series DR is doing. It is very creative.
• DebtFREE-Revolution, Of Credit Cards and College — good information about college students and credit cards
• Single Guy Money, My 1 Million Dollar Umbrella — I think this is something I need to do
• Saving Explained, 5 steps for coming to terms with your financial situation

Have a great Sunday!

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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