I am confused alot of people say its going more up but then alot of people say its going down. What is your opinion????
2006-12-11 00:49:14 · 5 answers · asked by David W 2 in Business & Finance ➔ Insurance
Up. Democratically controlled Congresses historically lead to higher rates, because of higher taxation.
2006-12-11 00:55:37 · answer #1 · answered by Anonymous 7 · 0⤊ 0⤋
democratic congress doesn't control the interest rate, Ben Bernanke does and he's going to raise it because of the huge deficit, and substantial foreign debt, as the value of the dollar declines, prices for consumer goods goes up, and they raise the interest rate to try to avoid a recession. You can't spend trillions of dollars over budget AND cut taxes, it's just not sustainable
2006-12-11 09:17:48 · answer #2 · answered by Anonymous · 1⤊ 0⤋
I expect interest rates in the US to go up due to weakness in the US dollar.
2006-12-11 09:17:22 · answer #3 · answered by Alfretz T 3 · 0⤊ 0⤋
It went up alot this year but then it went down. We are expecting it to fall somemore.
2006-12-11 10:33:34 · answer #4 · answered by floozy_niki 6 · 0⤊ 0⤋
I would say it should go down now.
2006-12-11 09:00:16 · answer #5 · answered by kunjaldp 4 · 0⤊ 0⤋