Fed cut rates to limit damage from credit turmoil

By Pete Southern in Uncategorized | October 10, 2007 10:00 |

Fed cut rates to limit damage from credit turmoil
WASHINGTON (Reuters) – Concern that a credit crunch and financial market disarray could hit the U.S. economy prompted the Federal Reserve to cut interest rates sharply last month, even though it was unclear how serious any damage could be.


Source: feeds.reuters.com

Don’t take boom times for granted: IMF
WASHINGTON (Reuters) – The global economy is enjoying its strongest growth since the early 1970s and the benefits have been shared widely, but policy-makers should not take the good times for granted, the International Monetary Fund said.


Source: feeds.reuters.com

Pete Southern About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.



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