From USA Today:
The Federal Reserve will lower interest rates by half a percentage point by March in the face of sluggish economic growth, according to a survey of economists from the National Association of Business Economics released Monday.
The survey, reflecting the estimates of 46 economists, was taken Aug 2-23.
The economists forecast a 50-basis-point cut in the federal funds rate by the end of the first quarter of 2008, up from May's forecast of 25 basis points.
The Fed is scheduled to meet next on Sept. 18.
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1 comment:
Far too little- Way too late
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