Who profits from interest rate cuts?

Story date: 2007-09-29 11:34:00
Added on: 2007-09-30 00:00:12

Salt Lake Tribune - Bankrate.com says banks lost no time lowering CD rates last week, saying the average 1-year CD in Utah fell to 4.80 percent from 4.91 percent the previous week. There's this basic misunderstanding of long-term and short-term interest rates. We ...


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