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  • Fed cuts short-term rates to the bone

    Next up: More purchases of mortgage debtBy Inman News, Tuesday, December 16, 2008. Inman NewsThe Federal Reserve slashed short-term interest rates today to nearly zero, bringing to an end a 15-month campaign of rate reductions intended to encourage borrowing and stimulate economic growth. With further cuts no longer possible, members of the ...
    Posted to Washington-Oregon MLS Post (Weblog) by 548777 on December 17, 2008