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Déjà Vu at the Federal Reserve
The Fed is meeting today and will determine whether or not it will lower the federal funds rate. Many expect that the cut could be 50 basis points, taking the federal funds rate back down 1 percent. Ironically, it was just last week that Greenspan was in the hot seat, testifying before the House ...
Economy
nytimes.com — Alan Greenspan, former Federal Reserve chairman, with John Snow, former Secretary of the Treasury, at a hearing... on Capitol Hill on Thursday. (more) Economy
Federal Reserve Bank of New York - The New York Times
Federal Reserve Bank of New York - The New York Times
topics.nytimes.com — Search All NYTimes.com New York Times Sunday, October 26, 2008 Times Topics World U.S. N.Y. / Region... Business Technology Science Health Sports Opinion Arts Style Travel Jobs Real Estate Autos Report An Error Times Topics > Organizations > F > Federal ... (more) Federal Reserve Bank of New York - The New York Times
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Fed Funds Rate Cut 50 bps to 1.0%
calculatedrisk.blogspot.com 10/29/2008 — FOMC statement: The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 1 percent. The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures. Business equipment spending and ...
Dodd Welcomes Fed's Rate Cut, Says More Action Is NeededNews
Senate Banking Committee Chairman Chris Dodd (D-Conn.) today welcomed Federal Reserve Chairmen Ben Bernanke's decision to cut the federal funds rate (the rate at which banks loan money to each other) from 1.5 percent to 1 percent. The move "facilitates the unlocking of our credit markets so that ...
Fed is expected to cut interest rates again todayThe Huffington Post | Full News Feed
WASHINGTON — Federal Reserve policymakers are expected to slash a key interest rate by a half-point, pushing the federal funds rate down to 1 percent, as they wrap up a two-day meeting Wednesday. The worst financial crisis in 70 years has forced the Fed to employ all the weapons in its ...
Pedal to the Metal, Commander...J. Bradford DeLong's Grasping Reality with All Eight Tentacles
The Federal Reserve cuts the Federal Funds rate by half a percentage point...
[BREAKING] Fed Cuts Rates, But Card Issuers Unlikely To Follow SuitDemocratic Underground Latest Breaking News
Source: [b]CreditCards.com[/b] In an effort to revive a battered economy, the [b]Fed cut its benchmark rate by half a percentage point[/b]. Committee members voted unanimously on Wednesday to drop the federal funds rate from 1.5 percent to 1 percent, equalling the rate's all-time record low. ...
FED CUTS KEY INTEREST RATEThe Page by Mark Halperin
The Federal Reserve trims the federal funds rate by a half-point, to 1%. Little immediate reaction in the stock market. Dow down slightly for the day.       
"Stocks Soar on Bargain Hunting and Rate-Cut Hopes"The Corner on National Review Online
Here: The Dow Jones industrials soared nearly 900 points as investors anticipated a Federal Reserve rate cut and pushed aside gloomy consumer confidence news. The Standard & Poor's 500-stock index was up more than 10 percent and the technology-heavy Nasdaq rose more than 9 percent.
FInancial Markets SoarThe Latest on Air America
Stocks surged today on bargain-hunting and speculation that tomorrow's Federal Reserve meeting will result in a key rate cut, which in turn will make money cheaper. This came on the heels of an announcement this morning from the Conference Board, a New York-based business research group, that ...
Central Banks Around The World Slashing Interest Rates As Investors FleeThe Huffington Post | Full News Feed
Central banks around the world are moving to further slash interest rates as they seek to contain the damage from the bursting of the biggest credit bubble in history. The Federal Reserve is poised to cut its benchmark rate for the second time in two weeks at a pivotal meeting in Washington ...
Fed expected to lead round of rate cutsDemocratic Underground Latest Breaking News
Source: [b]guardian.co.uk[/b] Monday October 27 2008 The US Federal Reserve is expected to cut interest rates again this week amid mounting speculation of a new round of coordinated international action to halt the panic that has swept the world's financial markets. The need for further ...