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Non-Cattle Specific Topics
Every Thing Else Board
Fed cuts funds rate 75 basis points
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<blockquote data-quote="1982vett" data-source="post: 515633" data-attributes="member: 7795"><p>The Federal Reserve cut federal funds rate 75 basis points today to 2.25%. So all of you that have CD's maturing anytime soon are going to be disapointed when the bank offers you 2% or less to use your money. Yesterday 180 day T-bills auctiond at 1.31% and 90 day bills went for 1.1%, 2-year notes were 2%. With inflation running around 3.2% no one needs to be in the cattle business to be able to lose money. All you have to do is bank it.</p><p></p><p></p><p></p><p>Any ideas where you might invest to earn a better return.</p></blockquote><p></p>
[QUOTE="1982vett, post: 515633, member: 7795"] The Federal Reserve cut federal funds rate 75 basis points today to 2.25%. So all of you that have CD's maturing anytime soon are going to be disapointed when the bank offers you 2% or less to use your money. Yesterday 180 day T-bills auctiond at 1.31% and 90 day bills went for 1.1%, 2-year notes were 2%. With inflation running around 3.2% no one needs to be in the cattle business to be able to lose money. All you have to do is bank it. [ATTACH type="full" alt="Annual_Inflation_chart.jpg"]0[/ATTACH] Any ideas where you might invest to earn a better return. [/QUOTE]
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Fed cuts funds rate 75 basis points
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