January 2008
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Tue 22 Jan 2008
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Tue 22 Jan 2008
Admit It, You Saw It Coming: 75 Basis Point Rate Cut
Posted by alyx under Uncategorized , bernankeNo Comments
The Fed might’ve sat idle for a while, but you knew in the face of a 5%+ drop, they had to act. Emergency 75 basis point rate cut for everyone!
…and yet, you know there are those who will complain it wasn’t a full point. I’m looking at you, Cramer, and Kudlow.