Weekly Rates – Dec. 10, 2007
Posted by Jordan Crouch on December 10, 2007
With the Federal Reserve meeting tomorrow and another interest rate cut almost a sure thing, Wall Street has begun to show signs of life. The national unemployment rate remained low, single family existing-home sales were stable in October, several billion dollar acquisitions are being discussed again and even McDonald’s is showing an increase in same-store sales. And yet another bank, UBS this time, has taken a $10 Billion write-down. Depending on what happens tomorrow with the Fed, anything is possible.
