Follow WallStreetBlips on TwitterRate-Cut Limbo—How Low Can You Go?
Published 10/30/2008 by matthew.yeomans at The Big Money
The Federal Reserve on Wednesday surprised few with its half-point interest rate cut, sending the benchmark federal funds rate to a measly 1 percent, its lowest in five years. The move surprised few, and yet the business press is still divided this morning on how to interpret the aggressive cut—and, what's next.
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