Markets Soar After Fed Cuts Key Rate by a Half Point - New York TimesFirst Faved : Sep 19 2007 by tigerexotiqueFaved : 1 time with noteViewed : 1 timeFave It!
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- tigerexotique - Sep 19 2007 | policy, economy, news
amazing what 0.5 percentage point can do! i wonder how well this will work...
Quoted: The Dow gained 2.5 percent after the Fed’s forceful move, which was intended to limit the damage from the disorder in the housing and credit markets.
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yah, people were expecting only a quarter percent.