Fed Cuts Interest Rate 75bps!
Lance on Jan 22 2008 at 7:37 am | Filed under: Economics, Federal Reserve
From The New York Times:
WASHINGTON (AP) — The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, cut a key interest rate by three-quarters of a percentage point on Tuesday.
Quicker and larger than expected. I am curious whether investors will, at the margin, consider this a move to celebrate or evidence that things will get much worse?
