Just announced -- the Federal Reserve cut the interest rate by 75 basis points this morning. The global stock market sell off is forcing action - this is a rare intra meeting cut.
IS IT ENOUGH?
TOO LITTLE TOO LATE?
A full point would have been better!
What do you think?
I think we're still in for a rough year. This is a reaction and not a sound policy. With gas prices still averaging over $3 a gallon, is there any disposable income to stimulate the economy? This rate cut should only be a start to getting "cheap" money back in the market
Cary in Margate