Interest Rate Cut!

Today the Federal Reserve cut its target for a key interest rate to the lowest level on record, .25 percent. The plan is to get banks lending and fight off the recession. I read that many analysts had expected the Fed to drop the rate to .5 percent. So by getting a zero to .25 percent rate this should be their gift this year. We’ve also have never seen a rate this low, the lowest ever was 1 percent. So I sure hope Federal Reserve Chairman Ben Bernanke knows what he’s doing, because a rate this low good cause other problems done the road.

Also, the U.S. Markets took in the good news with a spike upward in stocks. As I enjoyed the good news as well, seeing my stocks go up again. I just hope no other bad news come out over the next few day to drag the Markets back down. But I always think the worst will happen and fear the Markets will nose dive again, just how I am.