US economy jumps 3.9% despite housing, credit woes

Story date: 2007-10-31 02:28:00
Added on: 2007-10-31 20:00:45

Economic Times - Most analysts expected the Fed to lower interest rates to cushion the economy from the steepening housing downturn and and a related credit crunch. The Fed slashed its federal funds rate by a half point to 4.75 percent six weeks ago to ease ...


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