Published on FXDD (http://forex.fxdd.com)
Forex News: FOMC cuts rate by 25 basis points to 2.0%
By Greg Michalowski
Created Apr 30 2008 - 1:15pm

Signals a pause in rate cuts. 2 dissenters for no change.

  • Federal Reserve: FED Fund rate 2,00 % 
  • EASING TO DATE SHOULD PROMOTE GROWTH
  • ECONOMIC ACTIVITY REMAINS WEAK
  • EXPECTATION FOR INFLATION TO MODERATE
  • DROPS REFERENCE TO DOWNSIDE RISKS TO GROWTH
  • UNCERTAINTY ABOUT INFLATION OUTLOOK REMAINS HIGH
  • FINANCIAL MARKETS REMAIN UNDER CONSIDERABLE STRESS
  • CREDIT, HOUSING TO WEIGH ON GROWTH FOR A FEW QUARTERS 

Source URL: http://forex.fxdd.com/trading-news/3783/forex-news%3A-fomc-cuts-rate-25-basis-points-2.0%25