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Article: Market Review on Ambac Financial Group Inc.
- Article from:
- M2 Presswire
- Article date:
- January 23, 2008
CopyrightCOPYRIGHT 2008 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-23 January 2008-Streetinvesting.com: Market Review on Ambac Financial Group Inc(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:23012008
The Federal Reserve slashed two key interest rates by three-quarters of a percentage point Tuesday following continued concerns about a weakening economy and turmoil in the financial markets. This is the biggest rate cut by the Federal Reserve since October 1984. However, contrary to popular belief, as a result of an impending recession, little relief will come in the form of lower gas prices, experts say. Despite recently falling oil and gasoline prices, strong worldwide demand, refinery shortages, and OPEC ...