Wednesday, Jan 30, 2008
Not suprising anymore..
Bloomberg: Fed May Cut Rate to 3%, Hold Out Prospect of Further Reductions
The Federal Reserve may lower interest rates for the second time in nine days and indicate a readiness to go further if the economy deteriorates.
Posted by stevie dee @ 08:20 AM (289 views) Add Comment
2 Comments
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1. An Bearin Bui said...
How can they cut further beyond 3%? The last stats given out by the Fed said inflation was at 3% so cutting below that gives the old Japanese favourite, negative interest rates. They can't possibly go down that road - when are they going to realise that THIS IS NOT 2001!! It might have worked then but only because of a reckless credit boom and there is no appetite for that kind of credit anymore.
2. i-cld-murder-a-blt said...
And watch their currency go buy buy.
Haha