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Thursday, February 7th, 2008is for trading Foreign Exchange Currencies (Forex). Money makes the world go ’round and Forex keeps things moving
Archive for February 7th, 2008
The Fed Slashes Rates AGAIN!
Thursday, February 7th, 2008The Fed cut rates by 50 basis points from 3.5 to 3.0.
This cut comes after a severe cut last week of 75 basis points from 4.25 to 3.5. This brings us to a grand total of 125 basis points in just one month.
Here are some key statments from the Fed statement:
*Fed will act in a timely manner as needed to address risks
*Fed expects inflation to moderate in coming quarters
*Downside risks to growth remain
*Financial markets under …
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