Efforts to stop the bleeding in our economy are still on track, and perhaps exchange traded funds (ETFs) that follow slumping sectors will be reinvigorated if the measures work.
The latest news is that Fed Chairman Ben Bernanke pledged to cut interest rates once again, reports Jeannine Aversa of the Associated Press. It’s all another way to find a solution to the housing and credit problems that threaten to put the country into a recession.
Some economists predict that the Fed won’t be shy in its next rate cut, and that it could be by as much as a half-percentage point.
The Fed meets on Jan. 29 and 30, so keep an eye out.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.