Today, in an unprecedented move of global economic cooperation, several central banks cut their interest rates by 50 basis points. The U.S. Federal Reserve was involved in the move, bringing the rate here in the U.S. down to 1.5%
If you have been looking for credit for your home business, this might help. Between the move by the Fed to buy commercial paper and offer short term loans to businesses, plus this rate cut, there are hopes that the credit freeze will thaw a little bit.
And that may mean that you can get the funding you need in the near future.
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