Monday, September 10, 2007

Another crazy week on Wall Street predicted...

Given this news, Wall Street worries that a widely-expected interest rate cut may not be enough to ward off a recession, which is based on a drop in August payrolls by the Department of Labor.
On Friday, investors got a shock when the Labor Department reported a drop in August payrolls, the first monthly decline in four years. The report was seen as evidence that problems with the sluggish housing market and tightening credit have, indeed, become a real threat to growth.

All eyes are once again on the Federal Reserve and will they cut rates again and if so, how much...

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