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Old 09-10-2007, 05:50 PM
soko soko is offline
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Join Date: Nov 2004
Location: Headed out west...
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Default Re: I think the federal rates are going to go up.

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Level?

You do know that the fed funds rate is set by Ben Bernanke and the Fed governors, and not by market forces, right?

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I do. Do you know the the Fed funds rate is a tool the Federal Reserve uses to make sure they have the largest profit margin in the market they are in? As cash becomes more and more in demand the Fed will raise their rates to take advantage of people who are in desperate need for the cash and have no other options.
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