Nowhere To Go
Financial markets had widely anticipated the quarter-point cut, taking away much of its impact on juicing stocks.
Financial markets had widely anticipated the quarter-point cut, taking away much of its impact on juicing stocks.
Following new indications that the economy remained fragile at best, the Federal Reserve cut key short-term rates another quarter point.
The Federal Reserve should focus on one goal: price stability. The law says it can’t.
Yes, the economy has dodged a bullet — for now — and the Fed deserves credit. It moved fast to cut rates when things got dodgy. That said, some now want to raise rates to boost the dollar. Huh?
The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 2 percent.
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