mortality cartographer (beeooll) wrote,
mortality cartographer
beeooll

history

Fed again cuts
rates 1/2-point

Cost of short-term loans
at lowest level in 40 years

The Fed's 10TH cut of the year brought the benchmark federal funds rate to 2 percent and signaled that Fed Chairman Alan Greenspan and his colleagues will continue acting aggressively as they try to reignite an economy that by almost all accounts has slipped into its first recession in a decade.
Subscribe
  • Post a new comment

    Error

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 0 comments