Recently the Federal Reserve Board cut its benchmark interest rate by another half-point, just eight days after slashing it by three-quarters of a point in an emergency meeting.

Yawn. Does anyone really care about basis points, the fed rate, prime rate or whether the Fed raises or lowers interest rates?

I'm afraid that most of us could not care less about this stuff. We hear about it, but we don't know what it means. And that needs to change because what the Fed does affects ea ...

( Back to Article )