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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Fed funds rate

Fed funds rate stories: 11 news summaries

 Fed Leaves Rate 
 at Record Low 

Says it wants to foster recovery

Nov 4, 09 1:43 PM CST
(AP) - The Federal Reserve today held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery. The Fed says economic activity has "continued to pick up" and that the housing market also has grown... More »

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Ben Bernanke • Federal Reserve • interest rate • Fed funds rate • interest rate cut

Analysis

 Fed Nearly 
 Exhausts Options  

With rates at 0%, politically unsavory buying program only tool left

Mar 18, 09 8:53 AM CDT
(Newser) - The Fed is almost sure to leave the federal funds rate alone today, mostly because, at about 0%, it literally can’t go any lower. So with deflation still looming, what’s Ben Bernanke to do? One Goldman Sachs analyst says the Fed needs to shave the equivalent of 8... More »

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inflation • Ben Bernanke • Goldman Sachs • Federal Reserve • deflation • Fed funds rate • financial crisis

Falling Interest Rates Whack Legal Aid Groups

Funds tied to Fed's benchmark rate

Jan 19, 09 1:11 PM CST
(Newser) - There’s been some collateral damage from the Federal Reserve’s slashing of interest rates: legal aid societies. These groups, which aim to help the poor in civil cases, such as unemployment or foreclosure disputes, have long relied on little-known programs to draw interest from short-term deposits from clients. With... More »

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Federal Reserve • poverty • Fed funds rate • legal defense • financial crisis • legal aid

 Fed Cuts Rate to 0%-0.25% 

Target is record low as Reserve battles recession

Dec 16, 08 1:40 PM CST
(AP) - The Federal Reserve today 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 says it reduced the federal funds rate, the interest that banks charge... More »

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Ben Bernanke • Federal Reserve • recession • interest rate • credit crisis • Fed funds rate • interest rate cut • financial crisis

OPINION

Krugman: Throw Away Prudence to Fix Economy

Depression economics have taken hold

Nov 14, 08 12:03 PM CST
(Newser) - The financial world has been turned upside down, and while we may not be headed for another Great Depression, we are embroiled in “depression economics,” writes Paul Krugman of the New York Times, a time when normal economic tools like the Fed's rate-cutting powers have “lost... More »

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Fed funds rate • economic stimulus package • Great Depression • financial crisis

MARKET opener

 Stocks Jump on Rate-Cut Hope 

Strong opening on global rallies

Oct 28, 08 8:53 AM CDT
(Newser) - Stocks shot up at the bell this morning, powered by rallies overseas and speculation that another Fed rate cut is coming down the pike. The Dow rose 239, while the S&P and Nasdaq saw 2.9% and 3.3% jumps respectively. Hong Kong’s Hang Seng in particular saw... More »

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stock market • Federal Reserve • Nasdaq • Dow • Fed funds rate • S&P 500 • Hang Seng Index

UPDATED

 Fed Holds Line on Interest 
 Rates; Markets Bounce 

Committee leaves rate at 2%, confounding investors' expectations

Sep 16, 08 1:38 PM CDT
(Newser) - In its first unanimous interest rate decision in a year, the Federal Reserve voted today to leave its key interest rate unchanged at 2%. The decision reflects regulators' unwillingness to get even more involved in the developments roiling the financial markets, the Wall Street Journal reports. Stocks fell triple-digits on... More »

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Ben Bernanke • Federal Reserve • recession • Lehman Brothers • interest rate • discount rate • Fed funds rate

Fed Pumps Money Into Reeling Banks

It will loan billions
more this month
to ease credit crisis

Mar 7, 08 12:02 PM CST
(Newser) - The Federal Reserve will lend more money to banks in March in a bid to ease the worsening credit crisis, Bloomberg reports. By dramatically increasing the funds available in two upcoming auctions—from $30 billion to $50 billion—the Fed hopes to convince banks to loosen up and lend more. More »

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Ben Bernanke • housing market • Federal Reserve • mortgage • loans • credit market • Fed funds rate

Dollar Slides to Record Low;
Oil Tops $102

Investors bet on Fed rate cut, driving  euro up against US currency

Feb 27, 08 6:27 AM CST
(Newser) - The dollar declined against most major currencies and fell to its lowest level ever against the euro today as markets anticipated another rate cut from the Fed when it meets March 18, increasing the value of assets outside the US, Bloomberg reports. The dollar’s erosion pushed commodity prices up,... More »

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Ben Bernanke • oil • Taiwan • South Africa • New Zealand • yuan • euro • yen • oil price • US dollar • Fed funds rate • rand • Australian dollar

GDP Grows at 3.9% Clip Despite Housing Crunch

GDP tops estimates on increased consumer spending

Oct 31, 07 11:27 AM CDT
(Newser) - The US economy grew at a brisk 3.9% pace in the third quarter despite the credit and housing turmoil buffeting Wall Street, according to Commerce Department figures released today. Overall construction spending was up—with record commercial and government spending offsetting the housing slide—while individuals increased spending 3%... More »

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Ben Bernanke • economic growth • Federal Reserve • consumer spending • GDP • Fed funds rate

Expected Fed Rate Cut Could Halt Crisis

Wall Street counting on help to boost falling stock prices

Sep 17, 07 3:49 AM CDT
(Newser) - What happens next in the volatile world stock markets could depend on Federal Reserve chief Ben Bernanke. The Fed is expected to cut the interest rates banks charge each other for overnight loans, currently 5.25%. It would make loans cheaper, boost consumer spending, revive stock prices and ultimately, prevent... More »

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Ben Bernanke • Federal Reserve • Dow Jones • mortgage • consumer spending • home equity • Fed funds rate

11 Stories


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