By Don Miller Contributing Writer Money Morning With the economy in a tailspin, the U.S. Federal Reserve policymakers will today (Tuesday) almost certainly cut the benchmark Federal Funds rate from its current 1.0% to 0.5%. So the question no longer seems to be whether the Fed will ease, but whether the move will make any difference. The Fed has been hamstrung by a credit-market double-whammy: borrowers who are in limbo due to fears of soaring unemployment, and banks that have turned off the ...Read the rest of this entry »
January 29th, 2012



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