Fed says economy is in a rut
September 4, 2008 by Tisa Silver
Filed under Finance
The Fed’s report on domestic business conditions asserted that the economy is growing slowly.
In a nutshell, the report suggested that the tightening of consumer purse strings along with an ailing housing market, waning effects of the economic stimulus package rebates and high food and energy prices have forced the economy into a sluggish rut.
The Fed will meet on September 16 and make a decision regarding interest rates. This one should be a no-brainer, right?
