The South Dakota Rancher Newsletter is a subsidiary of Cow Camp Publishing. Copyright 2005-2013. All rights reserved.
Thursday, May 6, 2010
Federal Reserve Declines Change in Prime Rate
Monday the Federal Reserve reported (as it does weekly at http://www.federalreserve.gov/releases/h15/update/)that the prime rate remains unchaged at approximately 3.25%. However, if the European financial crisis escalates and China continues relatively slow economic growth, look for the Fed to nudge towards at least a 1/4 point increase at the next meeting sometime in May.