The Federal Reserve on Tuesday cut its federal funds target rate by more than three-quarters of a percentage point to a range of between 0 and .25 percent. The decision signals that Fed Chief Ben Bernanke is more concerned with the rapidly deteriorating economy--which has been mired in a recession since December of last year--than the prospect of stoking inflation.
Here’s how the Fed’s actions affect you:
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As the headline indicates, Luke Mullins who writes about housing informs the U.S. News & World Report audience about "6 Things to Know About the Fed Rate Cut." There is a seventh thing that Mullins and just about everyone else in media is overlooking--the impact on savings; as such, this is another example of negligent reporting. In fact, the first comment to his post mentions savings rates. (I'll include that in the Quotes section.) The only medium of late to report on this was the ... More »
As an editor for NewsTrust.net, and as a journalism director, I remain appalled at the media's negligence in overlooking how those on fixed incomes ... More »
The “S” word! What everyone seems to have forgotten is the word SAVINGS. We keep hearing that what needs to be bolstered ... More »
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