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Surprised Fed Decision and IRS to Help You Refinance
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Surprised Fed Decision and IRS to Help You Refinance
The Federal Reserve slashed its target rate in a range of 0 to 0.25 percent and said that it would employ “all available tools” to battle a recession. Many analysts expected federal funds rate to be lowered to no more than three-quarters of a point, to 0.25. Surprise move came when Fed announced a range of fed funds rate.
Taking Stock of the Increasingly Disturbing PositionMany are facing a problem suspecting it to be incapable of a solution. The falling house prices and shortage of money is the chief culprit. Exchange rates play a big role too.