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Stacker Details
- Creator
-
Thomas Fisher, CFP®
- Creation Date
- August 10, 2009
- Replies
- Comments (2)
- Categories
- Money Market Funds, Saving, Money Market Accounts
- Categories
- interest rates
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If you believe the blather from the Federal Reserve today about the "great recession" being over, then surely money market interest rates should be much higher by year end. However what they say and what happens are two completely different things.
For example:
"At this juncture . . . the impact on the broader economy and financial markets of the problems in the sub-prime markets seems likely to be contained,"
-Federal Reserve Chairman, Ben Bernanke 3/28/07
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Don't expect near-term money to get any more expensive for a while.
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