Fed Slashes (and I mean slashes) Interest Rate – .75%

by January 23, 2008 • 1 comment

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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1 seer January 23, 2008 at 8:21 am

It’ a good thing moving the interest rate .75% to 3.5 from 4.25. However this must be just the beginning, We will need another 2.0% Reduction very soon to help start to stabilize our Great Nations economy. We will see another at least .50% rate reduction by next Wednesday and if there are smart another 1.0% in February. Maybe by May we will be at a Fed rate of 1.% and thisgs can bottom out.

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