Jiddy78
09-07-2007, 03:42 PM
http://www.bloomberg.com/apps/news?pid=20601087&sid=aUQaGvtGGl5Y&refer=home
The Federal Reserve will cut its benchmark interest rate by a total of 75 basis points this year, and it may lower the discount rate even more, say Credit Suisse economists.
``We think the Fed will be persuaded that the still- dysfunctional situation in credit markets will warrant some insurance against downside risks to the economy,'' economist Neal M. Soss wrote today after the Labor Department reported the first monthly U.S. job loss in four years.
The Federal Reserve will cut its benchmark interest rate by a total of 75 basis points this year, and it may lower the discount rate even more, say Credit Suisse economists.
``We think the Fed will be persuaded that the still- dysfunctional situation in credit markets will warrant some insurance against downside risks to the economy,'' economist Neal M. Soss wrote today after the Labor Department reported the first monthly U.S. job loss in four years.