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Real Estate & Property Law

: Housing Wire

Fed Slashes Official Interest Rates, Targets Zero to 0.25%

By DIANA GOLOBAY

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U.S. Federal Reserve Officials have a message for the American public: Borrow! Spend! That message doesn’t get much clearer, after the Federal Open Market Committee meeting concluded Tuesday afternoon with the announcement it had unanimously decided to lower its target federal funds rate — the rate banks charge each other to lend funds — 75 basis [...]

Full post as published by Housing Wire on December 16, 2008 (boomark / email).

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