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)