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|User Info||HR1207 - ; entered at 2009-09-24 20:02:54|
If my memory serves me well, I think Fed lowered rates in Sept. 07 not Aug. 07. Sept. 07 jobs report was bad. Some 50-60K jobs lost. (Bad for that bygone era.) That was the reason enough to start cutting rates. I had an inkling that the jobs report was manipulated. It was revised later.
Last modified: 2009-09-24 20:04:17 by inez