And, yes, I DO take it personally: Holy crap! Fed to cut a FULL POINT today?

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And, yes, I DO take it personally

Tuesday, March 18, 2008

Holy crap! Fed to cut a FULL POINT today?

they've already cut 2.25 points since mid-september...

The U.S. Federal Reserve is expected to slash interest rates by as much as a whole percentage point at its policy meeting on Tuesday as investors warily await investment bank results that could aggravate fears of a full-blown markets crisis.

Traders expect the Fed to cut rates by a full percentage point in an effort to stop hemorrhaging in financial markets and boost the flagging economy. The Fed is expected to announce its decision around 2:15 p.m. EDT.

get ready for day number two in an already crazy week in the financial world...

Labels: Ben Bernanke, economic collapse, economy, Fed interest rate, Federal Reserve System, financial markets, financial meltdown