News

Tricky times as turmoil continues

11/02/2008

MARKET INTELLIGENCE – 11.02.08

Macroeconomics

The last two weeks remained as turbulent as the ones before as pundits in the financial community continued to fight over whether or not the US economy is heading towards recession. The Fed, at least, thought it appropriate to lower interest rates once again and most of the financial community now expects further cuts of anywhere between 1% and 2%.

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