direct impact to europe..
already at green area at the moment..
will it hold?
keep your seatbealt fasten
- Original Message
From: Landlord [EMAIL PROTECTED]
To: obrolan-bandar@yahoogroups.com
Sent: Tuesday, January 22, 2008 8:40:50 PM
Subject: [obrolan-bandar] BREAKING NEWS!! Fed Cuts Interest Rate 75 Basis
Points --
MARKET REBOUND!!
Fed Cuts Interest Rate 75 Basis Points
Tuesday January 22, 8:27 am ET
By Martin Crutsinger, AP Economics Writer
Federal Reserve Cuts Interest Rate Three-Quarters of a Point to Try to Head Off
Recession
WASHINGTON (AP) -- The Federal Reserve, confronted with a global stock sell-off
fanned by increased fears of a recession, cut a key interest rate by
three-quarters of a percentage point on Tuesday.
The Fed said it was cutting the federal funds rate, the interest that banks
charge each other on overnight loans, to 3.5 percent, down by three-fourths of
a percentage point from 4.25 percent.
The Fed action was the most dramatic signal it can send that it is concerned
about a potential recession in the United States. It marked the biggest one-day
move by the central bank in recent memory.
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