3 ms·
Nope, especially since we'v been loath to raise the interest rates. Lowering rates is often used to stir economic growth. We've been near zero for quite a while
by Clubber 9y ago
Nope, especially since we'v been loath to raise the interest rates. Lowering rates is often used to stir economic growth. We've been near zero for quite a while now. If it hits soon, the fed won't have much water to put out the fire.
https://tradingeconomics.com/united-states/interest-rate https://tradingeconomics.com/united-states/interest-rate
Note: Click the Max button on that chart for perspective of where the rate is now relative to historical rates.
- winslow 9y agoThat definitely puts some perspective on things. It's a little bit absurd it was at 0% and it stayed there for so long. Never in the previous history (at least of the graph history) did it stay at the same rate for so long.