home  | search properties   | news & tips  | moving center  |  mortgage & rates
- advertisement -

Bankrate.com
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Equity		 Auto CDs &
Investments		 Retirement Checking &
Savings		 Credit
Cards		 Debt
Management		 College
Finance		 Taxes Personal
Finance
Fed News   Fed announcement: Oct. 8, 2008
  The Federal Reserve's Open Market Committee left the federal funds rate  
  unchanged at the last three meetings. When will this surprise cut hit you?  
Sign up for the Fed Alert
Table of contents

Breaking Fed news
 
In a surprise move, the Fed cut a key rate to 1.5 percent.
 
Federal Reserve surprise rate cut
Find out how the Fed's decision will affect you and the economy. Read on
Fed rate cut winners and losers
The Federal Reserve cut the federal funds rate. How will this affect your bottom line? Read on
Smart money moves after the Fed
Take advantage of the action by the Federal Reserve with these money moves. Read on
How soon will it hit you?
The Fed cut rates today, but when will your finances feel it? Read on
Fed Outlook
Greg McBride explains why the Fed and other central banks around the world made a surprise cut. Read on
Glossary
Get help understanding some economic lingo such as GDP, PCE, monetary policy and more. Read on
Video
Click here Fed rate cut and you
Greg McBride explains the Fed rate cut and how it affects you.
Play video View more videos

The Federal Open Market Committee
The rate-setting Federal Open Market Committee meets at least eight times a year. Its members include the Board of Governors of the Federal Reserve System, the president of the Federal Reserve Bank of New York and a rotating selection of presidents of the other 11 reserve banks. Its members are:
  • Ben S. Bernanke, Board of Governors, chairman
  • Timothy F. Geithner, New York, vice chairman
  • Richard W. Fisher, Dallas
  • Donald L. Kohn, Board of Governors
  • Randall S. Kroszner, Board of Governors
  • Sandra Pianalto, Cleveland
  • Charles I. Plosser, Philadelphia
  • Gary H. Stern, Minneapolis
  • Kevin M. Warsh, Board of Governors
  • Elizabeth A. Duke, Board of Governors
    		•

    Bankrate.com's corrections policy -- Posted: Oct. 8, 2008
    Next article >>  

    TABLE OF CONTENTS
      Fed chops rates
      Smart money moves
      Fed cut winners and losers
      How soon will it hit you?
      Glossary
    CDs and Investments
    Compare today's rates
    NATIONAL OVERNIGHT AVERAGES
    1 yr CD 4.01%
    2 yr CD 4.19%
    5 yr CD 4.59%
    - advertisement -
    ADVERTISING PARTNERS
    - advertisement -
    - advertisement -

    News & Advice | Compare Rates | Calculators
    Mortgage | Home Equity | Auto | Investing | Checking & Savings | Credit Cards | Debt Management | College Finance | Taxes | Personal Finance
    About Bankrate | Privacy | Online Media Kit | Partnerships | Investor Relations | Press/Broadcast | Contact Us | Sitemap
    NASDAQ: RATE | RSS Feeds | Order Rate Data | Bankrate Canada | Bankrate China

    * Mortgage rate may include points. See rate tables for details. Click here.
    * To see the definition of overnight averages click here.

    Bankrate.com ®, Copyright © 2008 Bankrate, Inc., All Rights Reserved, Terms of Use.

    Bankrate Privacy Policy


    © Copyright of Herald Media    ::    privacy statement    ::    contact us    ::    carfind.com    ::    homefind.com    ::    jobfind.com
    EQUAL HOUSING OPPORTUNITY: All real estate advertising on this on-line web site are subject to the Federal Fair Housing Act, which makes it illegal to advertise any preference, limitation or discrimination because of race, color, handicap, religion, sex, familial status or national origin, or intention to make such preference, limitation or discrimination. This web site will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis. Any home seeker who feels he or she has encountered discrimination should contact HUD, Boston, MA, 617-565-5308.