Archive for July 7th, 2007

Is this the last Fed cut?

Saturday, July 7th, 2007

Is this the last Fed cut?

Monday, April 28
Posted 9 a.m. Eastern

Is this the Last Fed Cut?

The Federal Open Market Committee meets April 29-30 and by now you’re familiar with the drill — they’ll cut interest rates. But unlike recent Fed meetings that culminated with aggressive moves of the half-point and three-quarter point variety, the upcoming meeting is poised to produce a comparatively small quarter-point cut.

Exactly what will this mean to consumers? Rates for home equity lines of credit and variable rate credit cards will see further declines, though not all borrowers will benefit equally.

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Posted in Federal Reserve Board | Comments Off

Gasping at gas costs? Switch to two wheels

Saturday, July 7th, 2007

Using a hypothetical example, we break out some of the cost savings of commuting on two wheels instead of four.

Savings on two-wheel commuting

50-mile commute, 150cc scooter20-mile commute, bicycle”Sam” is a 40-year-old man with a 50-mile per day commute in suburban Chicago. He replaces his Ford Taurus sedan that averages 20 miles per gallon with a 150cc scooter that averages 70 miles per gallon. Gas is priced at $4 per gallon.

Sam saves $60 per week, with $36 of that being gas savings. (Assuming 54 cents a mile to operate the car and 30 cents a mile to operate the scooter.)
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Posted in Today's stories | Comments Off