Half-Point Cut by Fed; Is Bernanke Done? - The Home Front (usnews.com): "I'll put it to you this way: We've seen some thawing in credit markets—the interbank lending markets—and if that continues that will be a very good sign and this will probably be the [last rate cut]. If we don't see signs of [credit improvement] between now and the December meeting, then I think the Fed will cut another 50 basis points—because the numbers that are going to come in between now and then on the economy are going to look pretty ugly."
Thursday, October 30, 2008
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