Wednesday, September 18, 2024

FEDS DID JUMP TODAY

By Bob Walsh

 

Paul Cret, Federal Reserve, D.C., 1934-37. 

 

The federal reserve cut the interest rate 0.5% today, the first drop in interest rates since the plague.  The experts had been speculating that a drop of 0.25 to 0.5 was likely to be made today and was likely to be followed up by at least two more drops during the balance of this calendar year.

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