Let’s see … on January 20th, the Fed Funds rate was 4.25%.
On January 21st, the Fed dropped the rate to 3.5%.
Today, January 30th, the Fed dropped the rate to 3.0%.
So, in 10 days (January 20th to January 30th) the rate dropped by 1.25%, which means [click click click on my calculator] we’re seeing a 0.125% per day drop.
At that rate, we’ll be at [click click click] 0% by February 23rd!
Hey, there, you ex-engineer, what do you think of my extrapolation skills?
Tags: Consumer, Fed, Humor, Industry, interest rates
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