Friday, January 25, 2008

USA Today Reports: Fed's wild interest rate ride may not be over

By Barbara Hagenbaugh, USA TODAY

WASHINGTON — Think this week was a crazy one for the Federal Reserve? Hang on tight — there's more excitement to come.

After slashing interest rates by the biggest amount in decades in a surprise move Tuesday, Fed policymakers are expected to slice rates again at the conclusion of their two-day meeting Wednesday. But it's unclear how much the Fed will cut its target for short-term interest rates, setting up next week as another nail-biter.

[Read the entire article on Here]


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