fed cuts rates onequarter point: Fed Cuts Rates One-Quarter Point - 05/01/08 05:12 AM
Daily Real Estate News  |  May 1, 2008Fed Cuts Rates One-Quarter Point The Federal Reserve cut interest rates Wednesday 25 basis points to 2 percent. It's the lowest point in four years. The Fed was divided 8-2 on the cut. A statement from the majority of Fed members said: "The substantial easing of monetary policy to date ... should help to promote moderate growth over time and to mitigate risks to economic activity."Observers believes this means that the Fed is unlikely to make any more cuts - at least through the end of this year. "The Fed didn't completely shut the door on … (0 comments)

 

Christopher Mooney

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