Fed Cuts Interest Rates 75 Base Points
Ryan | 22 01 2008If you're a first time visitor, you may want to subscribe to our RSS feed, which will keep you up to date with all the latest New School Politics posts. Thanks for visiting!
In a surprise move this morning, the Federal Reserve cut the federal funds rate by .75%, from 4.25% to 3.5%, which is the largest single day adjustment by the Fed in years.
The move came amidst growing US recession worries, and a severe drop in Asian and European markets on Monday and Tuesday.
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[...] States, which just opened at 10AM. The Federal Reserve,
New School Politics » “The Worst Financial Crisis Since World War II” | 22 01 2008[...] States, which just opened at 10AM. The Federal Reserve, in an attempt to head off the recession, cut interest rates last night in a rare between-meetings announcement. News from the Asian markets isn’t good, with [...]