The Fed cuts rates (yet) Rates: Fed cuts half point to 3%
'There remain downside risks to growth'
(ANSA) - ROMA, 30 GEN - The Federal Open Market Committee has cut the Fed half a point on the Fed Funds rate from 3.5% to 3%. According to the Federal Reserve 'remain downside risks to growth' and financial markets are still subject to a 'considerable stress'. 'Credit conditions for households and businesses have deteriorated further - the Federal Reserve writes - that inflation should be more' moderate in coming quarters'.
source: www.ansa.it
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Within a few days the Fed has cut rates by 1 .25%.
What will happen to rates in Europe (currently 4%)?
A cut may be needed to maintain a balance?
And when one euro to 2.00 against the dollar? =)
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