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July 25, 2008 5:56:41 PM CDT

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Stories related to: Fed

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10 Stories

  • January 2008

    • Fed Cuts Key Rate by Half Point

      newser  |  Wall Street Journal  |  Jan 30, 08 1:24 PM CST

      Fed Cuts Key Rate by Half Point

      The Federal Reserve cut a key interest rate by a half percentage point today, reports the Wall Street Journal, bringing the benchmark overnight lending rate down to 3% even as officials signaled that further cuts were possible. The widely anticipated move follows last week's emergency .75% cut to a rate that stood at 5.25% just a few months ago. More »

    • Asian Markets Rebound

      newser  |  New York Times  |  Jan 23, 08 5:14 AM CST

      Asian Markets Rebound

      Asian markets bounced back modestly this morning after two days of precipitous drops. Hong Kong's Hang Seng index jumped 10.72%, Japan's Nikkei average rose 2%, and the Topix index was up 2.5%. Sydney's index closed 4.4% higher, breaking a 12-day downturn, and India's Sensitive index saw its first gains in 8 days as traders expressed cautious optimism More »

      Tags

      Asian markets  • Hong Kong  • Nikkei  • Fed  • Hang Seng

    • Asian Stocks Continue Plunge

      newser  |  MarketWatch  |  Jan 22, 08 3:25 AM CST

      Asian Stocks Continue Plunge

      Jitters over the US economy led to a major sell-off in Asian markets for the second straight day, with Australia's benchmark index closing down 7.1%—the biggest single-day loss in nearly 20 years. India's Sensex index skidded 10%, triggering a shutdown, but rallied to close down 4.6%. Japan's Nikkei and the broader Topix index finished 5.7% lower, and Hong Kong's Hang Seng index slumped 8.7% the day after global indexes suffered their biggest plunge since 9/11. More »

      Tags

      George W. Bush  • Japan  • Asian markets  • Hong Kong  • Nikkei  • Fed  • Japanese economy  • Hang Seng  • Asian stocks

  • October 2007

    • Fed Slashes Key Interest Rate Another Quarter-Point

      newser  |  Wall Street Journal  |  Oct 31, 07 1:42 PM CDT

      Fed Slashes Key Interest Rate Another Quarter-Point

      The Federal Reserve cut its key lending rate today by 25 basis points, to 4.5%. The expected reduction is the second of the federal funds rate in two months. The board asserted, however, that growth and inflation risks are now “roughly balanced,” a signal that further cuts shouldn’t be taken for granted. The discount rate was also cut by a quarter-point, to 5%. More »

      Tags

      Ben Bernanke  • inflation  • mortgage  • interest rate  • interest rate cut  • Fed

    • Bernanke: How's He Doing?

      newser  |  Wall Street Journal  |  Oct 31, 07 11:05 AM CDT

      Bernanke: How's He Doing?

      As the Fed rolls out another anxiously awaited decision on rate cuts, the Wall Street Journal does a play-by-play analysis of Ben Bernanke's handling of the three-month old credit crisis with an eye to what we've learned about the new Fed boss. For starters, he's more open and collaborative than his predecessor. "There's more of the economic seminar room, of exchanging views and thinking out loud," says a former adviser to both men.  More »

      Tags

      Federal Reserve  • credit crisis  • Ben Bernanke  • Alan Greenspan  • Fed

    • Housing Starts Plummet to 14-Year Low

      newser  |  Wall Street Journal  |  Oct 17, 07 9:49 AM CDT

      Housing Starts Plummet to 14-Year Low

      New homes starts fell to their lowest level in 14 years last month, plunging 10%—to an annualized rate of 1.191 million—after expectations of a 4.2% decline. The number followed a 3.2% drop in August, the Wall Street Journal reports. A homebuilders' confidence gauge registered its lowest number since its 1985 inception. Housing continues to get worse and worse,'' a Deutsche Bank economist told Bloomberg. The contraction will go on into at least the middle of next year." More »

    • Fed News Boosts Dow to Record

      newser  |  Wall Street Journal  |  Oct 9, 07 3:45 PM CDT

      Fed News Boosts Dow to Record

      The markets spiked to record highs today after the Fed released minutes from its critical September meeting that revealed unanimous consent for the large interest rate cuts. The Dow climbed 120.80 points to close at an all-time high of 14,164.53. One economist told the Journal, “Just seeing that the Fed feels your pain is worth something.”  More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • US dollar  • quarterly earnings  • Alcoa  • Fed

  • September 2007

    • Stocks Dip on Mortgage Fears

      newser  |  Bloomberg  |  Sep 28, 07 3:22 PM CDT

      Stocks Dip on Mortgage Fears

      The markets dropped today on news that mortgage defaults last month climbed 30% from a year earlier, more evidence that foreclosures are on the rise. Wells Fargo and Washington Mutual tumbled, and the Dow dipped 17.31 to 13,895.63. Stocks bottomed out after a Fed official said players shouldn’t “bake into the cake” future rate cuts, Bloomberg reports. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • foreclosure  • Medicare  • Wells Fargo  • Washington Mutual  • Fed

    • Stocks Climb on Rate-Cut Hype

      newser  |  Bloomberg  |  Sep 27, 07 3:51 PM CDT

      Stocks Climb on Rate-Cut Hype

      The stock market rose for a second day as a weak new-home-sales report added energy to speculation that the Fed will slash rates again next month; Bloomberg puts the odds of a quarter-point cut at 88%. The S&P added 5.96 to reach 1,531.38, climbing within 1.5% of a record. The Dow added 34.79 to 13,912.94, within 0.7% of a new record. And the Nasdaq rose 10.56 to close at 2,709.59. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • interest rate  • Fed  • unemployment benefits

    • Stocks Edge Up in Balancing Act

      newser  |  MarketWatch  |  Sep 25, 07 3:44 PM CDT

      Stocks Edge Up in Balancing Act

      Stocks rose slightly today as retail woes were somewhat offset by August home sales that outperformed expectations, MarketWatch reports. Led by Microsoft, which rode the release of “Halo 3” to a 1.5% jump, the Dow climbed 19.59 to 13,778.65. The S&P dipped 0.52 to 1,517.21, and the Nasdaq closed at 2,683.45, up 15.50. More »

      Tags

      Microsoft  • stock market  • S&P 500  • Nasdaq  • Dow Jones  • Wal-Mart  • consumer confidence  • Target  • Home Depot  • Halo 3  • Fed

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