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Fed Cuts Rates to 1%

Posted by debitversuscredit 1304 days ago, popular 1303 days ago (http://debitversuscredit.com)
Category: Economy | Tags: crisis economy fed rate
Many of you may have heard by now that the Federal Reserve cut their key fed-funds rate to 1%, bringing it in line with the lowest level that it’s ever been at. Interestingly enough the last time that the rate was at 1% was within this decade - from June of 2003 until June of 2004. Even more interesting is that many people and economists have laid partial blame for the housing crisis on this low rate, essentially saying that the fed made money too cheap and caused people to be greedy and take unnecessary risks.
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