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Wall Street awaits interest rate cut

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Uploaded by on Sep 11, 2007

Sep 11 - Hopes of a rate cut were raised Tuesday as Fed Chairman Ben Bernanke said nothing about the outlook for the US economy. Given that Fed officials have indicated that the housing downturn and tighter credit were likely to crimp consumer spending, there is increasing speculation that the Fed would reduce interest rates further before the end of this year. Reuters Jon Decker reports.

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  • Wall street is always screwing the responsible non investment class americans. They screw up in their quest for wealth and then get bailed out at everyones expense. If you bought a house with no money then you deserve no house, go back to your apartment.

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