An educational website including the career interests of innovators with a STEM,business and political science orientation.
Tuesday, March 18, 2008
Big Decision Today
Today at 2:15 PM Eastern,the Federal Reserve will issue its short term interest rate decision,which affects credit card rates and savings accounts.The Fed is expected to cut rates again,and the stock market wants a full percentage point cut,down to 2%.If it doesn't get a full point,it may behave badly.Ahead of the decision,it was euphoric this morning,gaining more than 200 points on the Dow Jones Industrial Average.
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