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News Flash: Fed Cuts Interest Rate Again

We knew there was a possibility the Fed would decide to cut rates during its two-day meeting, and this afternoon it announced a one-half percentage point rate cut. That brings short-term rates down to three percent, insinuating that right now the Fed is more worried about an economic slowdown than rising inflation. The WSJ added that the action is "capping an unprecedented eight-day period in which officials slashed rates massively to ward off recession risks."

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chancleta chancleta 9 years
sophia: my sentinments exactly
DCBaxter DCBaxter 9 years
Sorry if I come across as stupid....but what exactly does this mean?
freegracefrom freegracefrom 9 years
I'm really glad the Fed is taking this seriously... but I wonder if the fact that they've been constantly dropping the rates will actually have the opposite affect and end up scaring investors more than stimulating them?
sophia_HL sophia_HL 9 years
I'm going to start hiding my money under my mattress.
SkinnyMarie SkinnyMarie 9 years
shocker
SkinnyMarie SkinnyMarie 9 years
shocker
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