One day after disappointing Wall Street with a quarter-point rate cut, the Federal Reserve announced a plan to inject more cash into the financial system, a move that was cheered by investors.
Seems like this cash injection model is the flavor of the day - same happening in Europe. UK and other countries have been propping up the financial institutions.
One day after disappointing Wall Street with a quarter-point rate cut, the Federal Reserve announced a plan to inject more cash into the financial system, a move that was cheered by investors.
Seems like this cash injection model is the flavor of the day - same happening in Europe. UK and other countries have been propping up the financial institutions.