Relevant:
- Fed Cuts Discount Rate to 5.75% to Ease Credit Crunch
- Fed's Duke Tells Senators Housing Recovery Not Following Script
- NY Fed: Manufacturing conditions "deteriorated significantly in October"
- Money Markets "Easing" Despite Impotent Fed Policy (BLOWUP IMMINENT?)
- Fed Signals End of Interest Rate Increases
2007-08-17 — bloomberg.com
``Financial market conditions have deteriorated, and tighter credit conditions and increased uncertainty have the potential to restrain economic growth,'' the Fed said in a statement this morning.--Yea Duh!
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