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2008-12-16 14:53:12

The U.S. Federal Reserve Tuesday cut the federal fund rate from 1 percent to a range between zero percent and 0.25 percent, the lowest in its history. Although inflationary pressures have diminished considerably, the Fed said that the labor market, consumer spending, business investment and industrial production have all declined. Financial markets remain quite strained and credit conditions tight, the Federal Open Market Committee said in a statement. The focus ... going forward will be to...


Word of the Day
bodacious
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'
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