Submit a Story!
Votes
topics:

vote down flag
airamerica.com - 12/16/2008
Fed Cuts Rate to Historic Low
—
Today the Fed cut rates to a new historic low as expected: The Federal Reserve slashed its target interest rate to a range just above zero and promised to march ahead with unconventional measures to combat a recession that has deepened in the past few weeks.\ More here.
Fed cuts target for key rate to record low - Yahoo! News
news.yahoo.com - 12/16/2008
Fed cuts target for key rate to record low - Yahoo! News
— news.yahoo.com — WASHINGTON The Federal Reserve has cut its target for a key interest rate to the lowest level... on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. The central bank on Tuesday said it had ... (more) Fed cuts target for key rate to record low - Yahoo! News

Comments vote down News found this 12/16/2008found this
Fed Cuts Rate to as Low as Zero, Shifts Policy Focus (Update3)
bloomberg.com - 12/16/2008
Fed Cuts Rate to as Low as Zero, Shifts Policy Focus (Update3)
— bloomberg.com — Dec. 16 (Bloomberg) -- The Federal Reserve cut the main U.S. interest rate to as low as... zero for the first time and shifted its focus to the amount and type of debt it buys, seeking to revive credit and end the longest slump in a quarter- century. ... (more) Fed Cuts Rate to as Low as Zero, Shifts Policy Focus ...

Comments vote down Firedoglake found this 12/16/2008found this
Federal Reserve Slashes Interest Rate to Historic Low
washingtonpost.com - 12/16/2008
Federal Reserve Slashes Interest Rate to Historic Low
— washingtonpost.com — Washington Post Staff Writers Tuesday, December 16, 2008; 3:42 PM... (more) Federal Reserve Slashes Interest Rate to Historic Low

Comments vote down Political Animal found this 12/16/2008found this
Comments
Related: fed interest rate cut
What to Make of the Rate Cut — The Corner on National Review Online
The Fed has transitioned from interest rate targeting to money supply targeting -- the right thing to do once the interest rate instrument reaches zero while the economy continues to weaken. Fed Chairman Bernanke has exerted strong leadership to implement the emergency measures aimed at ...
Car, Home Buyers Could Benefit From Fed Rate Cut — CNSNews.com Headlines
Washington (AP) - Consumers trying to buy a house or finance a car loan could be the big winners as a result of the Federal Reserve's decision to slash its target interest rate to nearly zero and take other steps to battle the financial crisis and worsening recession. But analysts caution that ...
— Hullabaloo
Welcome To The ZIRP by dday The Federal Reserve cut their key interest rate as low as they can go - virtually to zero, although the bank rate is more like .5%. The investors loved it ! Well, today they did, anyway. But this is the final tool in the shed for the Fed, and a zero interest rate ...
Money For Nothing, Loans for Free — Outside The Beltway | OTB
The Fed cut their lending rate to zero. A surprised Wall Street bolted higher Tuesday after the Federal Reserve’s historic decision to further slash interest rates and provide broad support to revive the troubled economy. The Dow Jones industrials surged 360 points, or 4.2 percent, and ...
Fed Slashes U.S. Interest Rate To Basically Zero — Wonkette » top
Wasn’t the Fed supposed to cut rates in half today, from 1 percent to 0.5 percent? Well, that wasn’t good enough, for this failed economy and economic system. So now it’s “near zero,” which means “zero.” Just like Japan tried for years and years, to no ...
Fed slashes key rate to near zero — The Agonist - thoughtful, global, timely
Chris Isidore | New York CNN - Ben Bernanke & Co. cite weakness in economy and reduced inflation threat as justification for cutting rates below 1% for first time. In its latest effort to try and stimulate the U.S. economy, the Federal Reserve cut its key interest rate to a range of ...
Federal Funds Rate Record Low Point: Fed Makes Historic Cut — Politics on HuffingtonPost.com
WASHINGTON — The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. The central bank on Tuesday said it had reduced the federal funds rate, the ...
Federal Funds Rate Record Low Point: Fed Makes Historic Cut — The Huffington Post | Full News Feed
WASHINGTON — The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. The central bank on Tuesday said it had reduced the federal funds rate, the ...
Zero Percent Sounds Better Than It Is — Pundits Blog
Ben Bernanke and the Fed will decide in a few hours if and how much they are willing to cut its key interest rate. Some economists speculate that the Fed may take it down to zero percent — an unprecedented move for the U.S. but not for other countries. Japan tried this policy from 2001 to 2006 [...]
Fed Cuts Target for Key Rate to Record Low — CNSNews.com Headlines
The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession.
Rate cut expected as Fed mulls emergency tools — Democratic Underground Latest Breaking News
Source: [b]Reuters[/b] WASHINGTON (Reuters) - The U.S. Federal Reserve is expected to lower interest rates closer to zero on Tuesday and point toward emergency tools it could deploy to end a year-long recession, with room to cut borrowing costs running out. Economists expect the central ...
How Low Can Bernanke Go? — Truthdig: Drilling Beneath the Headlines
Ben Bernanke and his squad of rate setters are expected to cut interest by as much as three-quarters of a point on Tuesday. With rates already at a low one percent, we mortals are left wondering what the Fed chief plans to do when he runs out of rates to cut. BBC: US ...
Europe's Shares Rise Ahead of Fed Decision — The Page by Mark Halperin
Europe's major markets were trading higher Tuesday, looking ahead to an expected interest rate cut by the U.S. Federal Reserve.      
Interest Rate Cut Toward Zero Expected From Fed On Tuesday — The Huffington Post | Full News Feed
WASHINGTON (Reuters) - The U.S. Federal Reserve is expected to drop interest rates close to zero on Tuesday, but anticipated remarks on unconventional methods to dispel a year-old recession are what will really matter. Economists forecast a clear statement that the U.S. central bank will ...