From the Horses Mouth

by James & Miel on December 17, 2008 · 0 comments

Hi All,

You probably know this already, but the Federal Reserves released the following during its last meeting after cutting interest rates to 1/4.

Since the Committee’s last meeting, labor market conditions have deteriorated, and the available data indicate that consumer spending, business investment, and industrial production have declined. Financial markets remain quite strained and credit conditions tight. Overall, the outlook for economic activity has weakened further. (here) “

Great.

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