Forex News: FOMC cuts rate by 25 basis points to 2.0%
Posted by Greg Michalowski on Wed, 04/30/2008 - 2:15pm in
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
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