Quote:
Originally Posted by J. Abizeid  More signs of desperation coming from the dollar land: Keep on faking it baby….. http://biz.yahoo.com/cnnm/081024/102408_fed_outlook.html CNNMoney.com Fed: New rate cut likely, with record low within sight Friday October 24, 9:29 am ET By Chris Isidore, CNNMoney.com senior writer The Federal Reserve is widely expected to cut interest rates again next week. But could the Fed soon go where it has never gone before and bring them below 1%? |
Above rate reduction has just been offset by below:
Oct. 27 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said the bank may cut interest rates again at its next policy meeting on Nov. 6 as the financial market crisis damps inflation pressures.
``I consider it possible that the Governing Council would decrease interest rates once again at its next meeting,'' Trichet said in a speech in Madrid today. ``It is not a certainty, it is a possibility.''