Tuesday, December 02, 2008

Possible further cuts in rates after U.S. being declared in

The Federal Reserve chairman, Ben Bernanke, said on Monday that the implementation of further cuts in interest rates is certainly feasible, but added that even so, the fragile state of the economy will continue through most of 2009. The interest rate of the Fed is now 1%, a level seen only once during the past 50 years.

read more | digg story

No comments:

9-14-2026

  Oil prices rise after Saudi Arabia shut down critical pipeline that bypasses Strait of Hormuz Kennedy Center could close as early as Tuesd...