Posted by DogmongerCA on 9/18/07 8:56am
Msg #211723

Does the Fed cut the Overnight rate today

And any speculation what it will have on interest rates????

Reply by Todd/OH on 9/18/07 9:00am
Msg #211725

They will decide what they will do today. n/m

Reply by John_NorCal on 9/18/07 9:02am
Msg #211726

Credit card rates will have immediate relief. Adjustable rates will take a bit longer to feel the effect since they are tied to different indexes, usually the LIBOR. Adjustables tied to Treasury bills would be in better shape. Overall the long term effect will be better, don't look for immediate relief though.