• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / Business / Fed cuts, but who does it help?

Fed cuts, but who does it help?

December 17, 2008 By WRN Contributor

The Federal Reserve cut its target for a key interest rate to its lowest level ever Tuesday. While that might not impact most people right away, stay tuned.

The Central Bank on Tuesday slashed the Federal Funds Rate to zero to 0.25 percent. That's basically free money for lenders. It's all part of efforts to get money out of holding and into the market.

Gary Weirauch of Citizens' State Bank of Loyal says there's a lot of liquidity in the market right now, so few people are willing to put their own out there. As a result, he says consumer confidence has dropped and we're seeing problems because of skyrocketing unemployment. That could also lead to deflation.

While the Fed Funds Rate won't have much of an impact on the average person, Weirauch says homeowners should keep their eyes open for refinancing opportunities. He says home loans could be driven down to 4.5-percent, which would probably do more stimulate the economy than any tax cut.

AUDIO: Paul Knoff reports (MP3 1:28)

Share this:

  • Facebook
  • Twitter

Filed Under: Business



Featured Stories

Future of abortion in Wisconsin hinges on SCOTUS ‘Roe’ decision

Juvenile arrested in connection with death of Lily Peters

Missing Chippewa Falls girl found dead, police seek suspect

Medical marijuana legislation gets public hearing at Capitol

Tommy Thompson announces he will not run for governor

TwitterFacebook

Sports Headlines

Giannis breaks franchise scoring record, Bucks beat Nets in OT

Wisconsin’s Davis declares for NBA Draft

Badgers to face Arizona State in Las Vegas Bowl

Williams likely out for the season with broken hand

Packers releasing TE Jace Sternberger

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2022 · Learfield News & Ag, LLC