Tuesday, January 22, 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,"

read more | digg story

No comments:

11-20-2024-B

Democratic Wins Media @DemocraticWins · Nov 18 BREAKING: Donald Trump is considering taking away Medicaid and food stamps from up to 70 mill...