• Bloomberg.com
General Motors Corp., Alcoa Inc. and Caterpillar Inc. led gains in the Dow Jones Industrial Average after the Fed lowered the benchmark rate to 1 percent from 1.5 percent, matching a half-century low and in-line with the median forecast of economists
They should have lowered the entitlement checks to government economists.
Comment by Ernest Hancock
Entered on:
The Dow dropped 356.99 in the last 12 minutes of trading to close down from the opening 74.16
Comment by Fascist Nation
Entered on:
Well half down, one to go. Then what? What can you cut when your rate hits zero? It hasn't worked too well for those nations that have done it, but it sure robs their citizen's saving right quick.
3 Comments in Response to U.S. Stocks Gain After Federal Reserve Cuts Rate Half Point
They should have lowered the entitlement checks to government economists.
The Dow dropped 356.99 in the last 12 minutes of trading to close down from the opening 74.16
Well half down, one to go. Then what? What can you cut when your rate hits zero? It hasn't worked too well for those nations that have done it, but it sure robs their citizen's saving right quick.