Author Topic: U.S. Federal Reserve cuts its key interest rate  (Read 1426 times)

0 Members and 1 Guest are viewing this topic.

Offline bijou

  • Topic Moderator
  • Hero Member
  • *****
  • Posts: 8937
  • Reputation: +335/-26
U.S. Federal Reserve cuts its key interest rate
« on: January 30, 2008, 01:30:41 PM »
The U.S. Federal Reserve cuts its key interest rate by half a percentage point to 3 percent -- its second reduction in 8 days.



http://edition.cnn.com/

Breaking, further details to follow.



Offline Lord Undies

  • Hero Member
  • *****
  • Posts: 11388
  • Reputation: +639/-250
Re: U.S. Federal Reserve cuts its key interest rate
« Reply #1 on: January 30, 2008, 01:33:33 PM »
Gee, someone here predicted there would be at least another 1/4 point cut before the end of the month.   I don't remember who it was, but whoever  did was right as rain.  We have some brilliant folks here at CC.