Interesting article in the April 23rd Wall Street Journal on page C1 highlighting the divergence of Libor from U.S. Prime Rate. Let’s dive into what the difference between Libor vs Prime Rate is. What’s the Difference Between Libor vs Prime Rate? Libor has been increasing while the Prime Rate has been dropping. You need to
The Fed follows up its 0.75% cut in the fed funds rate last week with another 0.50% cut, announced this afternoon. That’s a 1.25% rate cut in little over a week. Is the Fed racing to close the barn door after the recession got out? Sure feels like it. Oh, by the way it’s a
Today, we’re looking at interest and inflation. Per the Bureau of Labor Statistics, the rate of inflation in the prices of consumer goods and services was roughly 4.5% from December of 1996 to December of 1997. Up until a few months ago, the Federal Reserve was mightily concerned about such inflation. Now, it has set
Yesterday afternoon, the Federal Open Market Committee did what nobody expected. The Fed lowers rate target. If you paid any attention to published reports, then they acknowledged what was already priced in by the futures markets and lowered its target for the federal funds rate by 50 basis points to 4.75%. While US equity markets
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