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S&P 500
5,459.54
(
-0.18%
)
US TECH 100
19,150.00
(
-0.13%
)
Dow Jones
38,962.20
(
-0.38%
)
Brent Oil
84.14
(
-0.05%
)
Bitcoin
61,702.26
(
-0.18%
)
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Thirsty Tiger

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Alias Born 10/16/2003

Thirsty Tiger

Re: None

Wednesday, 09/05/2007 2:08:03 PM

Wednesday, September 05, 2007 2:08:03 PM

Post# of 35781
WASHINGTON (Dow Jones)--Though recent distress in financial markets has "deepened" the housing slump, the overall economy has seen little impact so far, the U.S. Federal Reserve said Wednesday. That assessment, contained in the latest Beige Book, suggests that while a rate cut in two weeks may still be likely, officials may not see the same need for aggressive easing that financial markets expect.

and with that piece of news, the market is taking a big dump



"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa

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