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Wednesday, January 30, 2008

FED might drop rate again

The Fed might lower its key rate, now at 3.5 percent to 3 percent, one-half percentage point when their current meeting ajourns today. If this happens look for commercial banks to lower their prime lending rate by from 6.5 percent to 6 percent.



Read Here:http://www.lasvegassun.com/news/2008/jan/29/fed-weighs-another-rate-reduction/

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