Excerpt from: Spot Forex
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| January 07, 2009 | | Contracting economy could lead to 0% Fed rate | Last month, the U.S. Fed held an historic meeting and cut interest rates to 0.25%. Now, the minutes of that meeting have been released, and it appears that the members of the FOMC do not have much confidence in the U.S. economy.
Indeed, the body points out that the economy continues to contract. This is likely to renew speculation that a 0% Fed rate is actually possible this month or next month.
| Topic Tags: 0% Fed rate, economy, Fed meeting, Fed minutes, Fed rate cut, FOMC, interest rate, U.S. economy | |
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