With the way the market has been moving violently lower the past couple of week, the Federal Reserve announced today it was lowering its key federal funds rate by half of a percentage point, down to 1.5%. It lowered the discount rate by the same amount, down to 1.75%. The Fed stated that economic growth had slowed "markedly in recent months," and that the cut was necessary. Futures are trading higher this ...

March was another tough month for employees, as recession fears in America led to 80,000 jobs being slashed across the country. Looking at total unemployment, the unemployment rate for the country rose from 4.8% up to 5.1%. This could be one of the biggest signals that the country has already been contracting. This is the highest rate that the country has seen since back in September 2005 when the country was ...