Wednesday, October 8, 2008

Fast Work

"Fed Leads Global Coordinated Rate Cut

The U.S. Federal Reserve led a coordinated round of global
official rate cuts on Wednesday, easing the key rate by a
half-point. Other central banks, including the European
Central Bank, the Bank of England and the Swiss, Canadian and
Swedish banks also lowered rates by a half-point."

Well, that was quick action…but will it change anything when the markets open in 90 minutes from now?

No comments:

Post a Comment