====================================================================== What this ultimately means is that banks can start to pass on the lower interest rates to companies (well hopefully anyway) so that the cost of borrowing for companies is reduced. Any help a company can get in reducing their costs will mean (hopefully again) that they may be able to retain staff and help the economy sooner rather than later.
There's still a long road ahead. US is in recession but it hasn't been announced yet. The spread talked about is usually around 0.25-0.5% so it's still currently high. At least it's heading in the right direction.
