Wednesday, January 30th, 2008 •
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The big news remains the FOMC’s 75bps emergency rate cut Tuesday, the largest single U.S. interest rate cut for 25 years. Although the FOMC’s released statement discussed “weakening of the economic outlook and increasing downside risks to growth,” the move’s timing suggested an unspoken intention of controlling the butchery amongst global stock markets, ironically moderate […]
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Tuesday, January 29th, 2008 •
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The big news remains the FOMC’s 75bps emergency rate cut Tuesday, the largest single U.S. interest rate cut for 25 years. Although the FOMC’s released statement discussed “weakening of the economic outlook and increasing downside risks to growth,” the move’s timing suggested an unspoken intention of controlling the butchery amongst global stock markets, ironically moderate […]
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