Amid Economic Chaos, Online Resources Empower Consumers According to Informa Research Services

With Lehman Brothers filing for bankruptcy protection and Bank of America acquiring Merrill Lynch this weekend, consumers may feel helpless in this uncertain economic environment. However, Informa Research Services advises consumers to empower themselves during these chaotic times by using online rate comparison tables to stay atop rate trends and changes (http://moneycentral.msn.com/loan/loan.aspx?iType=1).

In light of this weekend’s events, a new focus has been placed on the Federal Open Market Committee meeting scheduled for Tuesday. Prior to this weekend, the prospect of the Federal Reserve lowering the Fed Fund’s rate was slim. However, currently, Fed Fund’s futures imply a heightened chance of a 25 basis point reduction, with some analysts believing a 50 basis point reduction is likely. A 25 basis point reduction would lower the Fed Fund’s rate from 2.00% to 1.75%.

Regardless of what happens with the Fed Fund’s Rate or various financial giants, consumers should regularly check interest rates online in order to maximize interest earned and minimize interest paid. By constantly checking rates online, consumers can make the most of their mortgage, loans, and savings in any rate environment.

Permission is granted to reprint this release in part or in its entirety as long as source credit is properly listed.

About Informa Research Services, Inc. (www.informars.com)

Since 1983, Informa Research Services, Inc., has provided the financial industry’s most extensive array of market research and decision-support information.

Contacts

Informa Research Services, Inc.
James Royal
Phone: 818-880-8877
Fax: 818-880-2069