Fed Issues Emergency Rate Cut of 75 Basis Points

Fed Issues Emergency Rate Cut of 75 Basis Points

Published by kidmercury
01-22-2008

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Fed Issues Emergency Rate Cut of 75 Basis Points

Fed cuts interest by 75 basis points. This will contribute to the ongoing decline of the US stock market and the US dollar.

Here are some links from the blogosphere on the announcement:

Fed's 75 basis point emergency rate cut smacks of desperation
Check Out Line: The Fed rate cut
Despite Big Fed Rate Cut , Tech Stocks To Plunge Early
The Fed's Rate Cut

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