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New Economy, Leadership, Entrepreneurship, Management, Global Business

Economists – No Rate Cut Till September

Posted by iBlog on August 22, 2007

The Federal Reserve will cut its key interest rate, probably by a quarter percentage point, but will wait until next month to do so, a news report citing a survey of economists said Wednesday.USA Today said that a majority of 37 economists surveyed Monday and Tuesday said they expected the central bank will cut its fed funds rate, which affects rates on consumer loans, by a quarter point next month. Some on Wall Street have been clamoring for more aggressive action, calling for a rate cut of a half a point before the Fed’s next meeting on Sept. 18.

Read the full article in Yahoo News

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