Fed Cuts Interest Rate 75bps!

January 22, 2008
By

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?

Tags: , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

*


*


Attach a file Uploading File types: jpg, png, gif, zip, ppt, doc, pdf, xls, Max size: 1Mbytes, Max count: 3



Features

Thompson Creek
"Your Partners for a Life Lived Well"

Private Client Fee Only Advice

Click here

 

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Sign up for our Email Newsletter- The View From The Bluff
For Email Marketing you can trust
View Lance Paddock's profile on LinkedIn