Fed Cuts interest rates for the Seventh Time this cycle.
Tags: Bank defaults + Deflation + Federal Reserve + Inflation + investing + subprime
The Federal Reserve cut interest rates once again by .25 basis points or 1/4 percent. This was expected by the financial markets and is seen as the last for the next several meetings unless things get worse.
The stock market rallied initially on the news but then sold off before the close when traders came to […]
May 1, 2008 - Economy, Markets - 0 Comments
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