Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
02-28-2008, 05:47 AM #1
- Join Date
- May 2007
- Location
- South West Florida (Behind friendly lines but still in Occupied Territory)
- Posts
- 117,696
Bernanke signals Fed rate cut: DOLLAR HITS NEW LOW
Bernanke signals Fed rate cut
DOLLAR HITS NEW LOW AS FED SIGNALS ANOTHER CUT
By Krishna Guha in Washington
Published: February 27 2008 15:21 | Last updated: February 28 2008 00:23
The dollar fell to a fresh record low against the euro on Wednesday as Ben Bernanke signalled that the Federal Reserve is likely to cut interest rates again next month.
The single European currency breached $1.51 after the Fed chairman made it clear that the US central bank remained firmly focused on the risks to growth, in spite of some increase in inflation risk following a run of bad price reports.
The Fed “will act in a timely manner as needed to support growth and to provide adequate insurance against downside risksâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Man with alleged ties to ISIS lived in US for two years prior to...
05-03-2024, 07:47 AM in illegal immigration News Stories & Reports