US News Fed bolsters economy with bold half-point cut

The Helper

Necromancy Power over 9000
Staff member
Reaction score
1,555
The Federal Reserve slashed US interest rates by half a percentage point yesterday in a bold move designed to restore confidence after the summer credit crisis and to prevent the crumbling housing market from infecting the rest of the economy.

The decision stunned the financial markets, which had expected a much more cautious quarter-point cut, sending US share prices soaring and handing the Dow Jones Industrial Average its biggest one-day gain since October 2002.


---------------
This does not seem like big news but it really is. Now is a real good time to watch the Feds every move because they are either going to save or not the US economy from a recession here. They have alot of room to bring down Interest rates and apparently are not afraid to print more money so they have a pretty good chance. I just hope they are not selling out our (US People) futures too much.
 
Last edited:
General chit-chat
Help Users
  • No one is chatting at the moment.
  • tom_mai78101 tom_mai78101:
    Just resting from the cloud.
  • vypur85 vypur85:
    Hey all! Hope everyone is doing fine!
    +2
  • jonas jonas:
    Hi Vypur, how are you doing?
  • vypur85 vypur85:
    Hey hey all's good here. Last year I dropped a message saying I'll be moving to China for a new job. Here I am in China now for the padt year!
    +1
  • vypur85 vypur85:
    Past*
  • vypur85 vypur85:
    Missing this place much. Wish that WE is still a thing now, just like the past when everything was so active.
  • The Helper The Helper:
    Are you in Taiwan or Mainland China?
  • vypur85 vypur85:
    I'm in Mainland. At Wuhan. The place where all shit began...
  • vypur85 vypur85:
    Lol. After one whole year here, I learnt a few good and bad things about China.
  • vypur85 vypur85:
    Everything you do is pretty much observed. There are eyes everywhere... They can even read your Wechat texts if they want to...
  • vypur85 vypur85:
    But it's pretty much safe here. Walking alone in the middle of the night in weird dark alleys is completely safe...
  • The Helper The Helper:
    that is cool
  • The Helper The Helper:
    at least its safe
  • jonas jonas:
    Haha, I remember taking a taxi in Beijing last year and the cabbie lectured me about how safe China is compared to America, then he made a gun with his fingers and pretended to shoot in the air while making "pew pew" sounds
  • jonas jonas:
    I pmed you my wechat, I'm thinking about visiting wuhan this year
  • jonas jonas:
    Which company do you work for?
  • vypur85 vypur85:
    Haha yea they'd compare my country as well...
  • vypur85 vypur85:
    Hmm i don't receive any pm? Maybe I'm using my phone. Gonna check it out using my pc later.
  • vypur85 vypur85:
    I'm teaching A Levels in a school in Wuhan.
  • jonas jonas:
    You should see a "private conversations" tab in the chatbox, that's where I sent it to you
    +1
  • jonas jonas:
    Wow
  • jonas jonas:
    Is the school system in your country similar to Chinese school system? I could never imagine being a teacher in a Chinese school, what's expected of students and teachers is just so different from what I'd be looking for as a teacher
  • vypur85 vypur85:
    A Levels is based on the UK syllabus offered internationally. So the syllabus is similar throughout different countries, taught in english.
  • vypur85 vypur85:
    I can't speak or write or read much chinese... Too difficult....... Which also makes my life here in china a lil difficult.

    The Helper Discord

    Members online

    Affiliates

    Hive Workshop NUON Dome World Editor Tutorials

    Network Sponsors

    Apex Steel Pipe - Buys and sells Steel Pipe.
    Top