Intrest rates are steady
Poster: Aron Schatz
Posted on August 13, 2002 at 8:30:03 PM
The Feds, err.... Alan Greenspan decided not to change intrest rates. Whether this is good or bad is beyond me, but they are at 1.75 right now which seems insanely low.
Quote
The Fed, in issuing its vote, said the economic weakness that emerged this spring has been prolonged. This is largely due to continuing lackluster markets and heightened fears that more financial shenanigans will emerge as chief executives and chief financial officers have to sign off on the accuracy of their earnings reports, it said.