January 24, 2008
US cut interest rates
When the Federal Reserve cut the base interest rate by a massive three quarters of a point, it was thought that this would help the stock markets recover and head off a US recession which is looking like it may be too late to do anything like that now.
But a recession is only two bad quarters back to back, for sure it will be hard and businesses would suffer, although recovery in the next quarter is quite possible. Which could mean a UK interest rate cut.
For the UK this means that there are opportunities for some business but this is going to be restricted due the changes in currency and interest rates, it’s the costs that cause the problem. The chances are that over the next month or so, things will change but how the change will affect the rest of world is debatable at the moment.
Source [Bloomberg]
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