Another adjustment this week. The Feds lowered it 1/4% to lighten $ burden, to control inflation or recession. These are smart analysts with great financial wisdom. Probably the right thing.
The stock market wasn't happy and fell. Then there was a deal struck with international banks that is too confusing to follow. All this makes for an unstable feeling in the market. We will be watchful and hang on for the ride.
The rate adjustment? What affect on you and me? I assume my money market fund will pay less. Possibly the car loan for our new car will be lower but I'm not sure.
Were there always these frequent adjustments to $ rates? Maybe it's just me and I've been more aware these past 6 or 7 years? These controls seem pretty tight.
We will all be watching again next month.
'til later
Bargain Barb
- Bargain Barb
- Naperville, Illinois
- Greetings! I have years, no decades, of financial experiences to share. I have a passion for education. I am a control freak in that I need to know where my $ goes. I continually ask myself do we need that, what risks are we taking with that investment, how/when can we get at our $, and just how much does Uncle Sam demand of our every earned $. Stay tuned to my life choices now and my references to life choices/experiences from my past.
No comments:
Post a Comment