"The Federal Reserve lowered interest rates in an emergency move for the first time since 2001 after tumbling global stock markets and a jump in the U.S. unemployment threatened to push the economy into recession.The central bank lowered the benchmark overnight lending rate to 3.5 percent from 4.25 percent,"
Wednesday, January 23, 2008
Fed Cuts Rates 3/4% in Futile Attempt to Stave off Recession
"The Federal Reserve lowered interest rates in an emergency move for the first time since 2001 after tumbling global stock markets and a jump in the U.S. unemployment threatened to push the economy into recession.The central bank lowered the benchmark overnight lending rate to 3.5 percent from 4.25 percent,"
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment