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01-22-2008, 12:39 PM
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Administrator
Join Date: May 2007
Posts: 3,987
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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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| federal reserve announcement, rate cut |
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