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Global Rate Cut. US Cuts 50 Basis Points. Wednesday, October 8, 2008

Posted by ei-forum in Miscellaneous.
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US, UK, Canada, ECB Sweden, Swiss to participate in Global Rate Cut. US Cuts 50 Basis Points. (story developing)…

Looks like things might be moving…. futures back to normal…

  • The Federal Reserve cut its key lending rate a half-point to 1.5%
  • The ECB cut its key rate a half point to 3.75%
  • The Bank of England also cut its key rate by a half point to 4.5%

Comments»

1. phil hartmann - Wednesday, October 8, 2008

I see your LittleHoneyDoodle business cartoon. Can only express what my perception has been: too Little too late. Per Clint’s classic movie line: make my day: prove me wrong.

2. fmdm - Wednesday, October 8, 2008

could be but better late than never…. time will tell but we agree that they are a ‘little’ late…