Fed Slashes Rates

CNN: "The U.S. Federal Reserve dramatic 75-basis point cut in interest rates Tuesday intensified speculation that other central banks could soon follow in slashing the cost of credit...The Bank of Canada, which had already been easing interest rates, on Tuesday again cut its interest key rate by 25 basis points to 4.0%. It was unclear if the steps were concerted, nor werer there signs of similar moves among other central banks Tuesday. But markets speculated that the big Fed cut could usher in a new era of falling interest rates globally."Globe and Mail: "The U.S. Fed[...]

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[Source: The Money Blogs]