Fed cuts rate by .75, stock market down 351, January 22, 2008

The Fed has cut the discount rate by .75. The stock market is sharply down. This latest cut by Bernanke and the Fed brings the Federal Funds Rate to 3.50 percent. The reason for the cut was, according to the Fed, “in view of a weakening of the economic outlook and increasing downside risks to growth.”

Advertisements

One response to “Fed cuts rate by .75, stock market down 351, January 22, 2008

  1. Pingback: Fed cuts rate by .75, stock market down 351, January 22, 2008 | ImmediateRealEstate.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s