SubscribeAll Posts Tagged With: "commercial paper"
Fed to Cut Rates at Next FOMC Meeting as U.S. Recession Appears Likely
The U.S. Federal Reserve is likely to cut rates tomorrow (Wednesday), possibly in conjunction with central bank counterparts in Europe, as fears of a global recession have intensified. However, the Fed has little room to maneuver as its benchmark Federal Funds rate is already at 2% and analysts remain skeptical that reducing it any further keep the United States from sliding into a prolonged recession.
The next meeting of the Federal Open Market Committee is scheduled for tomorrow Wednesday Oct. 29. There is no doubt that growth will be the central issue of the committee’s discussion, as fears of a global…
28Oct2008 | Money Morning | Comments Off | Continued
Loading ...
