Showing posts with label federal researve. Show all posts
Showing posts with label federal researve. Show all posts

Tuesday, March 18, 2008

Fed cuts rate .075 percent

(NEW YORK) "A divided Fed cut interest rates by three-quarters of a percentage point to 2.25%, delivering less than the markets hoped for despite the magnitude of the move. The central bank highlighted growth risks, but discussed inflation concerns. The vote was 8-2 on the move."