Wednesday, January 30, 2008

Not suprising anymore..

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 (672 views)
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2 thoughts on “Not suprising anymore..

  • An Bearin Bui says:

    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.

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  • i-cld-murder-a-blt says:

    And watch their currency go buy buy.


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