Fed cuts rate by 75 bps!!!

Rich + Posts : 16 Join date : 2008-01-18

Fed cuts rates by 75 bps

2008-01-22 18:49:09 Source : CNBC-TV18

http://www.moneycontrol.com/india/news/economy/fed-cuts-rates-by-75-bps/19/21/322516

Rich + Posts : 16 Join date : 2008-01-18

http://www.ndtvprofit.com/homepage/storybusinessnew.asp?id=42821&template=&cache=1/22/2008%207:28:33%20PM

The investors were expecting a rate cut by the Fed. This is yet another attempt by the US Federal System to boost the global markets.

Subject: Re: Fed cuts rate by 75 bps!!! Tue Jan 22, 2008 9:11 pm

Good News Indeed. Lets see how sensex/nifty react to it 2moro.

Rich + Posts : 16 Join date : 2008-01-18

http://online.wsj.com/article/SB120100937150206397.html?mod=googlenews_wsj

A follow-up cut at the central bank's next meeting Jan 29-30 is also not ruled out

[Wallstreet Journal]

» Fed Reduces Rate by Half-Point; 2nd Cut in 8 Days