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Tag Archive 'fed rate cut'

ING’s rate will go down again. Ignore it

Posted in Budgeting, Finance on Jan 31st, 2008

So the FED cut its rates again because it’s trying to stimulate the economy and avoid a recession. Usually, that means stocks go up and the savings rate you get from high-interest banks like ING Direct go down (again).
For an interesting read on the FED and how our economy rewards risk taking without holding these [...]

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