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Lenders in the NewsTrouble ahead for the Fed | 2007-10-02Since the Federal Reserve cut two key interest rates by a half of a percentage point two weeks ago, the Dow Jones Industrial Average has gained 5 percent. The Dow hit a new all-time high Monday as fears of a credit crunch-induced recession appear to be waning. The Fed got what it wanted. Or did it? The markets' reaction may actually complicate matters for Fed Chairman Ben Bernanke and his fellow policy makers at their next scheduled meeting on Oct. 30-31, and create a new conundrum - to use a word made popular by Bernanke's predecessor, Alan Greenspan - for the Fed. 2007-10-02 Source: CNN Money Full Story
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Copyright ©2007 Offer Angel LLC All Rights Reserved. "Offer Angel" and "The Honest to Goodness Truth About Your Mortgage Offers" are service marks owned by Offer Angel LLC Other trademarks are the property of their respective owners. v55 |
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