The Federal Reserve slashed interest rates after a major market decline. Our reporters have been talking to different people about what all these changes mean. Bison Financial Managing Director Dave Vorbeck says the rate cuts significantly affects the local economy. "Because that cut in federal funds will probably follow into your mortgage rates and will bring mortgage interests rates down," said Vorbeck. "It will bring consumer interest rates down on credit cards and automobile loans. "
Bison is sponsoring a town hall meeting on Thursday (January 24th). Two Purdue professors will talk about the possibility of a recession and fluctuations in the market. The forum starts at 7:00p.m. at the Big Four Depot in downtown Lafayette. Watch for our report on this meeting and future stories on our economy.
