Fed may cut interest rates again

WASHINGTON – Jan. 29, 2008 – Individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.

Fed Chairman Ben Bernanke and his colleagues are scheduled to open a two-day meeting Tuesday afternoon to plot their next move on interest rates. The closed-door gathering comes amid growing fears the country is either on the brink of a recession or has already started slipping into one given the strains from a housing market collapse, a global credit crunch and turbulence on Wall Street. The country’s last recession was in 2001.


UF survey: Florida’s commercial market remains strong

GAINESVILLE, Fla. – Jan. 29, 2008 – The latest survey by the University of Florida’s Bergstrom Center for Real Estate Studies finds two real estate worlds in Florida. While the residential world continues to suffer and receive bad press, the commercial world thrives. Analysts say that commercial respondents continue to report stable, healthy conditions in the state.