Fed Funds Rate Decision Today
The Federal Reserve is considering today whether to reduce the Federal Funds Target Rate and will announce the decision at 2:15 p.m. Eastern. The consensus seems to be they will drop the rate .50% to an all time low of .50%. If this happens, we anticpate the Prime Rate will also drop by .50% and we will take a bank survey this afternoon to confirm.
Check back later for an update.
Tags: Interest Rates, Prime Rate
