January 30, 2008

GREEDY FOR GROWTH:

Fed Cuts Interest Rates by 1/2 Point (MARTIN CRUTSINGER, 1/30/08, The Associated Press)

The Federal Reserve on Wednesday cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point. It signaled that further rate cuts were possible. [...]

Many analysts believed the Fed would quickly follow last week's aggressive move with a cut of at least a half-point at its first regular meeting of the new year. That view gained support on Wednesday hours before the Fed announcement, when the government reported that the total economy slowed to a barely discernible 0.6 percent growth rate in the final three months of last year.

Posted by Orrin Judd at January 30, 2008 2:38 PM
Comments

YESSS!

As soon as this trickles down to the local bank its off the construction loan and onto a fixed rate mortgage. Thanks Ben.

Posted by: Bartman at January 30, 2008 3:17 PM

Chairman Ben is being pretty consistent and understandable, both of which are nice changes from the previous proprietor.

Posted by: Kurt Brouwer at January 30, 2008 6:40 PM
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