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peter
3652 Posts |
 Posted - 01/15/2008 : 9:40:55 PM
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Wall Street to Fed: Cut rates now!
More gloomy economic data has investors crying for Ben Bernanke & Co. to slash rates sooner than later. But should the Fed listen?
January 15 2008: 12:41 PM EST
NEW YORK (CNNMoney.com) -- A nearly $10 billion loss from Citigroup. Weak retail sales last month. Rising inflation pressures. It's ugly out there.
With all that in mind, investors are now betting the Federal Reserve may cut interest rates before its next scheduled meeting, a two-day session that wraps up on Jan. 30.
Some economists have argued that the United States is close to a recession or may already be in one.
http://money.cnn.com/2008/01/15/news/economy/fed_rates/index.htm?cnn=yes
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propertylender.c
1017 Posts |
Posted - 01/15/2008 : 9:42:07 PM
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One problem.
It is called the dollar (now A.K.A. the New Peso).
Sad. |
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