Federal Reserve rate

[orkmanvc5]

what is with the FED interest rate increasing and decreasing. What the hell is going on with the economy. It seems that they are playing some kind of game with our money and credit. One day Im checking news and the interest rate is going down on the others its up.

[marlin534]

I think that you have it all wrong. the fuss with the interest rate is happening because of the subprime mortgages going down the drain. it is only with our best interest that Federal Reserve Bank is changing the rates. I am also confused with the interest rates changing so often, but there is no other option with all the subprime lenders and so on.

[biuro446]

Federal reserve board will decrease interest rate to 2% or less in this year. FED last meeting show us that our economy is in recession and there is no way to get out of it if FED will not lower they interest rate and rescue home loan crisis. People need to work more in order to pay for they bills and mortgage payment. they don't care about mortgage payment because they want to take a vacation? buy new car? or take cash advance and forget about all bills? Stop struggle financially you need to work on yourself to get out of debt, you can't hide and thing that everything will be work as you want .

[pranith]

i think federal reserve rate is going down and up due to the moratages which are going down due to the drain.actually iam confused with the interest rates changing very oftenly, but i think we have no other option and we have stick out with this only.

[amex]

Fed Rate is now 2% and Federal reserve board is not showing any interest to lower interest rates again because interest rates is " low enough" this is what Bernake say Chief Executive of Federal Reserve board!

Still even with 2% interest rates, bank charge us the same amount of interest rates and credit card company increase interest rates without our approve.. because credit card reserve a right to change interest rates from fixed to variable as well change interest rates from low APR to high APR.. I always fight in credit card company increase my interest rates on my credit card~!