The Brian Sullivan Blog
  • June 23, 2009 01:14 PM EDT by Brian Sullivan

    Fed Rate "Decision" Tomorrow

    The Fed makes its interest rate decision tomorrow.   I put decision in quotes above because the Fed is expected to do absolutely zilch with rates.    The rate is set at 0-0.25% right now and absolutely no one sees this going higher.

    Still, as always its the brief statement accompanying the decision at 2:15pm ET that really matters.  Fox Business will cover it.

    Below is a chart of the rate and how quickly it was dropped as we entered recession.

    06-23-09-fed-funds-target-rate

Mz Brown

Gee, ya think they might go sub zero & pay us interest to borrow money? Soon pained Americans will completely ignore the stock market and demand higher interest rates for deposits of their hard earned cash. This will be the driving force for interest rates, otherwise no one will ever see the "cash on the sidelines", it will remained stuffed in pillows and out of circulation. Banks will be soliciting loans with fevered verocity, cuz they'll have to earn interest in order to pay it, but gun-shy consumers will not be forgetting the pain of owing the banks and will sock away their dollars only to bring them out in the direst of need, highly movtivated to never be in such debt-ridden positions again.

June 24, 2009 at 12:46 am

Sam

How did the banks make all this money to shore up there reserves and pay off the government in record time during one of the worst economic times in modern history?

June 25, 2009 at 11:24 am

about this blog

  • Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block. Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus.

most popular posts