Archive for December 11th, 2007
Wall Streets Plunges After Fed Cuts Rate
Wall Street plunged Tuesday after the Federal Reserve lowered interest rates by a quarter point, disappointing investors who hoped the Fed would move more aggressively to help the economy overcome the credit and mortgage crisis. The Dow Jones industrial average skidded more than 290 points.
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Investors had been expecting [...]
Posted: December 11th, 2007 under .
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Fed Cuts Interest Rate a Quarter Point
The Federal Reserve cut a key interest rate by one-quarter of a percentage point Tuesday, trying to keep the country out of recession.
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Posted: December 11th, 2007 under .
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