A rate cut, but then what?
Story date: 2007-09-14 05:54:00
Added on: 2007-09-16 15:00:24
Milwaukee Journal Sentinel - The prime rate is used as a benchmark for many business loans, some credit card rates and some second mortgages. Q: How long does it take that to happen? A: There can be a lag of as much as a month between a cut in the fed funds rate and the lowering ...
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