La Jolla Real Estate, Del Mar real estate, Rancho Santa Fe Homes, Carmel Valley Real Estate, University City and
Downtown San Diego real estate, homes and condos for sale in California - Ruth Mills & the Mills Team, REALTOR.






Search the San Diego MLS
(includes all areas in San Diego County)



 December 11, 2007

Federal Reserve Expected to cut rate at Next Meeting
The next meeting of the Federal Reserve Board is today, Tuesday, December 11. The board is expected to cut interested rates during this meeting.
Skeptical analysts predict as much as a one half point cut in the wake of the current credit crisis. The current situation has been caused largely because of investments in subprime mortgages.

Critics of any lowering of interest rates feel that the Fed is bailing out investors and encouraging further sloppy decision making.

Janet Yellen, who is president of the San Francisco Federal Reserve Bank states that there is a risk of the current situation in the housing market spilling over to other areas of the economy which would in turn further sap consumer spending.

Back to Real Estate News

Search San Diego Real Estate