Fed Cuts Rates to 2%, Now We Wait!
May 1st, 2008 Categories: Just for Fun, Keller Williams
In a last ditch effort to spur our slow economy, the Fed once again cut the Fed Funds Rate, this time to 2%. It appears with the upcoming break, the Fed will hold its breath to see if their efforts combined with the economic stimulus checks being sent out now, can turn the market around. This past quarter, the economy grew by 0.6% - while small, yes - any growth at all, is a good sign. (FYI - A recession is defined by 2 consecutive quarters of negative growth). So now what???!!
We wait! With the threat of inflation peering around the corner, and stocks not anyone any good these days, how’s an investor supposed to make a profit?? REAL ESTATE! That’s right! Real estate is the best way to minimize inflation taking over your appreciation/profit. Thanks Bernake, let’s hope your actions help!
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