Conrad Venti's (conradventi) Blog

Consumer spending dropped 0.3% in September, the largest decline in four years. July and August showed no change in spending. The standstill and slide in recent months represents the purchasing activity of US consumers. In recent years, the growth and abuse of consumer credit has caused the US ec...

Yesterday the Federal Open Market Committee unanimously voted to reduce the benchmark rate to 1%. The prime interest rate (rate consumers borrower at) will likely follow. The .5% dropped brings the fed funds rate to a half a century low. The Feds have made the move to correspond with recent actio...