Fed refuses to cut rates. wtf.

[w¡n9Nµ7 §£@¥€r 123]

The Federal Open Market Committee held its benchmark Fed funds rate at 2.0% on Tuesday ... The vote was unanimous.

http://www.marketwatch.com/news/story/fomc...E-CEF3F45ED320}

[GaryC 7]

The Federal Open Market Committee held its benchmark Fed funds rate at 2.0% on Tuesday ... The vote was unanimous.

http://www.marketwatch.com/news/story/fomc...E-CEF3F45ED320}

How much lower could they get? 0%? I say it's a good thing.

[almaty 19]

the lower the better

[spookyturtle 9,466]

the lower the better

Are you sure about that?

[GaryC 7]

Well looky here, the stock market is up 150 points.

http://finance.yahoo.com/q?s=^DJI

[Dan J 277]

The Federal Open Market Committee held its benchmark Fed funds rate at 2.0% on Tuesday ... The vote was unanimous.

http://www.marketwatch.com/news/story/fomc...E-CEF3F45ED320}

What is changing rates going to do to stem bank failures?

[w¡n9Nµ7 §£@¥€r 123]

The news of possible government support for AIG helped Wall Street bounce back from declines prompted by the central bank's decision to stand pat on its benchmark fed funds rate.

http://www.marketwatch.com/news/story/doll...mp;siteid=yhoof

[w¡n9Nµ7 §£@¥€r 123]

The Federal Open Market Committee held its benchmark Fed funds rate at 2.0% on Tuesday ... The vote was unanimous.

http://www.marketwatch.com/news/story/fomc...E-CEF3F45ED320}

What is changing rates going to do to stem bank failures?

It'll help in situations like AIGs where the issue isn't that AIG doesn't have sufficient assets, rather the issue is of inadequate liquidity.

[rebeccajo 14]

Cut the rate....sink the dollar.

[GaryC 7]

Cut the rate....sink the dollar.

I agree. Cutting the rate is cutting our thoats.

[spookyturtle 9,466]

Cut the rate....sink the dollar.

I agree. Cutting the rate is cutting our thoats.

I'll third that. Look what the weak dollar did to oil prices for so many months. The dollar is stronger and it is a factor in the drop of oil prices, not the only reason, but still a contributing factor.