Fed Cuts Rate by 75bp In Surprise Move

Fed Cuts Rate by 75bp In Surprise Move

Published by InformedTrades
01-22-2008

Fed Cuts Rate by 75bp In Surprise Move

Fed Cuts Rate by 75bp In Surprise Move

The Fed, in a surprise move Tuesday morning, cut the Fed funds rate to 3.5% from 4.25% - a whopping 75 bp cut. This move today is somewhat unexpected as the FOMC is due to meet only next week. Not only that, it's the largest single rate ...

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