Fed cuts rate for 2nd time in 8 days

by mega » Thu Jan 31, 2008 08:07 am
Posts: 118
Joined: 23 Jan 2008

As the stock market expect, the Fed cut rates again today by 1/2 point. The second cut in 8 days in an effort to ward off a recession. While this of course lowers housing mortgage cost, does it signal tougher times ahead for the economy?

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