MacGray Matters – Financial News Update – July 19, 2010
John Thomas
July 19, 2010
Tags: Douglas MacGray Financial Planner, Financial Planning
MacGray Matter July 19, 2010
MacGray Matter July 19, 2010
To any conscientious financial planner or mortgage consultant, the numbers are distressing. The federal government is so concerned that it has revamped provisions of the U.S. tax code at least three times in recent years in an effort to reverse the trend.

Citing healthy economic growth and reduced inflation, the Federal Reserve on January 31 held its key federal funds rate at 5.25%. The Fed Funds Rate is the overnight interest rate that banks charge one another to borrow money. It was the fifth straight time the Fed has held steady, a move that was widely expected by Wall Street analysts.