Fed rate dips to 3percent - Instablogs
Fed rate dips to 3percent
Arpita Mukherjee , Kolkata: Sep 14 2008
Made Popular Sep 14 2008
The Fed has become rather agile reacting quickly to any signs of further downturn in the US economy. In keeping with the current trend of monetary activism, the Federal Reserve has further reduced the Fed rate by half basis point to 3%. This rate cut...
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Tags: Federal Reserve, Fed rate, prime lending rate, USA
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Shlomi
1 Stars
Shlomi Sep 14 2008
Chicago, United States
This is unprecedented. It never went down so much. Last years slowdown is solely attributed to sub-prime meltdown. Hope this boosts the economy.
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