Re: Fed Cuts Rates by Five Basis Points in 8 Days
- From: Curly Surmudgeon <Curly.is.not@xxxxxxxx>
- Date: Wed, 30 Jan 2008 15:36:39 -0800
On Wed, 30 Jan 2008 15:32:11 -0800, Curly Surmudgeon wrote:
Jan 30 2008 8:14pm from rss
Subject: Fed cuts base rate half-point to 3.0 percent WASHINGTON (AFP) -
The US Federal Reserve trimmed its base federal funds rate a half-point
Wednesday to 3.0 percent in its second cut in eight days to help an
economy that some say is on the brink of recession.
http://www.afp.com/english/news/stories/080130201356.gidgrscq.html
Chart from 1955 to present:
http://en.wikipedia.org/wiki/Image:Federal_Funds_Rate_%28effective%29.svg
-- Regards, Curly
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Strike that, "Osama didn't win, _we_ lost.
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