What The Fed's Rate Cut Means For You - Consumerist Comments

What The Fed's Rate Cut Means For You

alawrites — Mon, 05 Nov 2007 21:42:19 EST

What about student loans!?!?!

alawrites

What The Fed's Rate Cut Means For You

Dom655321 — Sun, 04 Nov 2007 23:58:35 EST

@DJ-Pandemic: I wouldn't plan on doing any traveling the European Union. The dollar still have farther to fall against the Euro as the ECB will undoubtely raise rates.

Dom655321

What The Fed's Rate Cut Means For You

DJ-Pandemic — Sun, 04 Nov 2007 18:57:24 EST

Let's see, what's missing here.

1. Rate drops like this will actually push real inflation. It will drive up the price of oil, making gas more expensive than it already is. House prices are going to continue to fall over the next who knows how long due to the huge glut of homes in the market place. Some financial institutions have stopped advertising 30 year mortgages. Expect things to be in full meltdown mode come March/April 08.

DJ-Pandemic

What The Fed's Rate Cut Means For You

Scuba Steve — Sun, 04 Nov 2007 17:11:37 EST

I doubt citibank's going to lower the rate on my student loans any.

Scuba Steve

What The Fed's Rate Cut Means For You

humphrmi — Sun, 04 Nov 2007 16:18:25 EST

@AD8BC: That's EXACTLY what the Fed wants you to do.

humphrmi

What The Fed's Rate Cut Means For You

Galls — Sun, 04 Nov 2007 14:59:32 EST

@BigNutty: It means you just got bent over and made poorer by a distant entity.

Galls

What The Fed's Rate Cut Means For You

BigNutty — Sun, 04 Nov 2007 14:47:55 EST

To the average consumer with no major investments the rate cut means nothing. It's just a news item.

BigNutty

What The Fed's Rate Cut Means For You

pieoncar — Sun, 04 Nov 2007 12:55:06 EST

Say there's no more rate changes before next June/July when next year's Stafford loan rates come out -- does the rate cut mean next year's loan rates would be below this year's 6.8%?

pieoncar

What The Fed's Rate Cut Means For You

AD8BC — Sun, 04 Nov 2007 12:32:58 EST

OK, so we drop the rate like all of the people on Wall Street wanted, and the very next day they take their profits...

while my ING Direct account went down to 4.20%.

Seems like a good time to invest some of that money, no?

AD8BC

What The Fed's Rate Cut Means For You

Amelie — Sun, 04 Nov 2007 12:06:00 EST

You forgot European travel! Of course it's not on the top of the list for most people, but considering it's my activity of choice, when I have the funds - I'm heartbroken.

Amelie