Dec 16 2008

Federal Reserve Cuts Rates To Record Low

The Federal Reserve cuts rate to a record low of zero to 0.25%. Not only did the Federal Reserve make unexpected rate cut but also said it would “employ all available tools to promote the resumption of sustainable growth.” The markets reacted with a strong rally and the Dow ending over 350 points to the positive side for the day. Will this mark the bottom, are markets ready to turn, or just a one day reaction to news?