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emergency fed cut - just annnounced

by WOODS-HICK / January 21, 2008 9:36 PM PST

75 basis points. treasury secretary to have news conference

today's word: wall street

preview:

"Dollar Declines Against Euro on Speculation Fed Will Cut Rate

By Anchalee Worrachate

Jan. 22 (Bloomberg) -- The dollar fell against the euro on speculation a stock-market rout will force the Federal Reserve to make an emergency interest-rate cut today. ...."

http://www.bloomberg.com/apps/news?pid=20601101&sid=aVBV_jZpTR0U&refer=japan

Fed cuts rates 75 basis points in emergency move
By Rex Nutting, MarketWatch
Last update: 8:27 a.m. EST Jan. 22, 2008
Print


"It was the largest rate cut by the Fed since the early 1980s."

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Collapse -
To me that says,
by James Denison / January 21, 2008 10:43 PM PST

Panic. The Fed is scared, very scared.

Collapse -
let's not divide our resources
by WOODS-HICK / January 21, 2008 10:47 PM PST
In reply to: To me that says,

see my latest to you. I am going to ask the mods to lock this discussion.

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