The Fed: Cutting the federal-funds target rate, September 18th, 2007: What events have led to this…

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Mortgage and Lending with Joe Brady - World Wide Credit Corporation
The much anticipated day has finally arrived when the Fed made the decision to cut the federal-funds target rate by 50 basis points as well as the discount rate by 50 basis points.  The move was a bit stronger then expected.  What has led to this?  Why has this been somewhat expected and deemed necessary?  The summer of 2007 is one that nobody in the mortgage industry will forget....READ THE FULL ARTICLE

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