Fed Funds Rate Decision Today

The Federal Reserve is considering today whether to reduce the Federal Funds Target Rate and will announce the decision at 2:15 p.m. Eastern.  The consensus seems to be they will drop the rate .50% to an all time low of .50%.  If this happens, we anticpate the Prime Rate will also drop by .50% and we will take a bank survey this afternoon to confirm.

Check back later for an update.

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