In a bold move today, the Fed cut the interest rate .75% to 3.5 from 4.25. “Analysts said the fact that the Fed did not wait until its meeting next week to cut rates underscored the seriousness of the situation.” Many economist expect another .25 point cut during the meeting next week. This is sending a strong message that countries all over the world are getting. Many other countries and considering a rate cut as well.
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