year: Should we expect a BIG RATE CUT in the near future? - 01/06/08 02:29 AM
If Wall Street gets their way, they will. 
Wall Street is pushing for the Federal Reserve to slash interest rates, after the unemployment rate sky rockets to 5% in December.  Job growth came in well below forecasts.  They predicted 70,000 jobs to be added, and it seems that only 18,000 jobs were added to the Nation's payrolls.
Worries of a recession plaque the nation, as unemployment rises, and the housing market crashes.  The President seems to finally be (in a not so upfront way) admitting that the economy is not in such a "strong" state as he has indicated over and over … (4 comments)

 

Shawna Marie Ulrich

Cuyahoga Falls, OH

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