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Expired Thread The thread "Economy - Monday (Investor's Business Daily)" has not received any replies for a month. It has been automatically closed as a result. You may start a new thread on the topic if the information in this thread is not sufficient.

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Old 09-25-2007
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Default Economy - Monday (Investor's Business Daily)

Investor's Business Daily - Dallas Fed President Richard Fisher said last Tue.'s surprise 50-basis- point cut in the fed funds rate should help the U.S. economy grow faster than it was before the decision. "There was room to cut, the question was by how much. We decided by 50 basis points . . . that was to provide a little more oomph to economic growth," he said. Markets had expected a quarter-point cut. Fisher said future rate moves could go in either direction.



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