Interest Rates Expected to Fall Again
Tuesday, January 29th, 2008
World markets were mostly in positive territory as investors await the Federal Reserve’s announcement on interest rates tomorrow. Wall Street expects the Federal Funds rate (the rate which governs lending rates in the US) to fall about half of a percentage point from 3.5% to 3.0%. While this should boost the US economy in the short run, many worry that inflation could pose a long term risk as a result.
Tags: federal reserve, interest rates, rate cuts
