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April 30, 2008 - FOMC Cuts Federal Funds Rate 25 Basis Points to 2.00%
The FOMC this afternoon cut the Federal Funds Rate and the Discount Rate by 25 basis points to 2.00% The following is the text of the FOMC announcement.
FOMC Meeting; Announcement in 60 Minutes
The FOMC met yesterday and this morning regarding the state of the economy. The markets are currently pricing in an 80% chance of a 25 basis point cut. So far, the markets are up about 100 points prior to the announcement in approximately 60 minutes. Personally, I hope the Fed decides to hold firm and […]
FOMC Meeting Tuesday and Wednesday
The Federal Open Market Committe (FOMC) “The Fed” will meet tomorrow and Wednesday. What does this mean for you? Well word around The Street says a 25 basis point cut for the federal funds rate is coming. Short term, stocks should shoot somewhat upward, especially after the rough couple of weeks we’ve had. If you […]
