Author: JT Smith
Reported at CNET News.com: “The Federal Reserve’s Open Market Committee has cut interest rates by half a
percentage point, a move intended to help shore up the markets. The move had been widely anticipated. Stocks are expected to open sharply lower Monday,
almost a week after the terrorist attack on the World Trade Center and the Pentagon. European
markets have fallen about 10 percent since the attack. Lower interest rates generally boost
spending.”
percentage point, a move intended to help shore up the markets. The move had been widely anticipated. Stocks are expected to open sharply lower Monday,
almost a week after the terrorist attack on the World Trade Center and the Pentagon. European
markets have fallen about 10 percent since the attack. Lower interest rates generally boost
spending.”
Category:
- Open Source
