Tuesday, Sep 26, 2006

It's all going pear-shaped in the US

Times Online: US rate cuts predicted as house prices start to fall

A Benchmark index of American house prices fell for the first time in more than 11 years last month, feeding concern that the Federal Reserve may have to cut interest rates to limit the damage spreading to the wider economy.

Posted by onyerhike @ 09:12 AM (535 views)
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