Fed Cuts Rates: Will RV Rates Follow?
The Fed cut rates 1/2 percent this morning in an effort to keep the stock market bubble growing. I'm negotiating a new RV loan to close in 10 days and the dealer quoted me 5.49% last week. I haven't...
Forum Discussion
CFerguson wrote:
"...The Fed cut rates 1/2 percent this morning in an effort to..."
I like how the OP knows what the Fed is thinking. If he can do that consistently, he must be beyond filthy rich.
The other option is parroting something he read but he seems much more intelligent than that.
OP: if your dealer is quoting 5.49, shop around with your bank and credit union and such. I'll bet you can beat that regardless of recent Fed action.
OK, I'll bite. You don't need a crystal ball to understand why they cut rates today.
The Fed has 2 prime objectives. What are they?
Times up. Put your pencils down.
1 - Control inflation
2 - Reduce unemployment
Inflation is below their 2% target (according to their figures).
Unemployment is at 50 year lows.
So why do you think they cut rates? I guess it had nothing to do with the huge losses in the stock market last week.
Class dismissed.
