End the recession watch…It may already be here
February 7, 2008
Weakness in the service sector has caused more experts to declare that the economy has entered a downturn. Retail, real estate, finance, and construction industries were hit hardest.
The full article is at: http://money.cnn.com/2008/02/05/news/economy/recession/
Although more fed rate cuts appear to be expected, few experts appear to be seeing a quick turn-around. The market appears to be looking for the fed to make a significant cut in rates, but opinions vary about whether a big rate cut would be wise or beneficial in the long term.
Currently, the future market is anticipating a 100% chance of a quarter-point cut in March, and a 28% chance of a half-point cut during the month.
Although it appears banks are being a little tighter on loans, there are still great programs out there for business owners. Please visit our site, www.bedrockfinancing.com for a list of programs and more helpful information.
Entry Filed under: Economic news. Tags: interest rate cut business owners bedrock financial loa.
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