Fed Cuts Interest Again!! Historic Cut - Interest rate stands at 0.25%

Posted by Kris | Wednesday, December 17, 2008 | | 0 comments »

The Dow surged more than 4 percent Tuesday after the Fed cut its target rate for overnight loans between banks to a range of zero to 0.25 percent and pledged to use "all available tools" to heal the U.S. economy.

It is never been so cheap to borrow money!! :)