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Jim Jubak: Banks Ignore Rate Cut
From
Peter
Published 24 months ago
The Fed cut short-term interest rates again, but the actual rates people and businesses pay keep going up. MSN Money’s Jim Jubak says that’s because banks are raising interest rates on credit cards and tightening the requirements on loans. And the... more
The Fed cut short-term interest rates again, but the actual rates people and businesses pay keep going up. MSN Money’s Jim Jubak says that’s because banks are raising interest rates on credit cards and tightening the requirements on loans. And the combination is bad news for the economy. Read more from Jim Jubak, the Web's #1 investing columnist, on MSN Money: http://articles.moneycentral.msn.com/Commentary/Experts/Jubak less
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