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September 8, 2008 12:36:56 PM CDT

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Stories related to: interest rate cut

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Stories 1 - 20 of 44

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  • September 2008

    • Wait on Rate Hikes Until Crisis Eases

      American  |  Sep 3, 08 5:55 PM CDT

      Wait on Rate Hikes Until Crisis Eases

      (Newser) - Critics claim the Federal Reserve has been too eager to cut interest rates, and that lax policy has exacerbated inflation. But the Fed should hold its ground, Desmond Lachman argues in the American , until the housing and credit markets are clearly on the rebound. The credit crunch has prompted banks to compensate with higher spreads and tighter lending standards, which should offset inflationary concerns. More »

      Tags

      US economy  • Federal Reserve  • credit crisis  • housing market  • inflation  • foreclosure  • interest rate cut  • lending practices  • monetary policy

  • June 2008

    • Fed Likely to Hold Rates— for Now

      Reuters  |  Jun 25, 08 6:17 AM CDT

      Fed Likely to Hold Rates— for Now

      (Newser) - Despite fears that inflationary forces are revving, the Federal Reserve will probably hold the interbank federal funds rate at 2% today, hoping the bargain basement rate can help kick-start a stalled economy that’s been hamstrung by a tenacious housing slump and a credit crunch hangover, Reuters reports. More »

      Tags

      Federal Reserve  • Ben Bernanke  • inflation  • interest rate  • interest rate cut

  • May 2008

    • In Turmoil, Bernanke Forged New Persona

      New York Times  |  May 28, 08 10:50 AM CDT

      In Turmoil, Bernanke Forged New Persona

      (Newser) - Federal Reserve chief Ben Bernanke’s aggressive actions in March to douse the fire consuming financial markets won him fans on Wall Street and elsewhere, but created a cadre of critics who say the “Bernanke Doctrine” fuels inflation and hurts the dollar, the New York Times reports. “It has been a really head-spinning range of unprecedented and bold actions,” said one expert. More »

      Tags

      Federal Reserve  • Ben Bernanke  • interest rate cut  • monetary policy  • prime rate

    • Stocks Rally; Dow Up Almost 200

      MarketWatch  |  May 1, 08 3:24 PM CDT

      Stocks Rally; Dow Up Almost 200

      (Newser) - Stocks rallied today on strong performances by several big tech firms, MarketWatch reports. Investors also poured money into financials in anticipation of the dollar boost the Fed will cause by holding interest rates steady after yesterday’s cut. The Dow climbed 189.87 to at 13,010.00, the Nasdaq rose 67.91 to 2,480.71, and the S&P 500 jumped 23.72 to 2,480.71. More »

      Tags

      Federal Reserve  • S&P 500  • Nasdaq  • Dow Jones Industrial Average  • Ben Bernanke  • Intel  • interest rate cut  • Exxon  • Symantec

  • April 2008

    • Rate-Cut News Sweeps Away Rally

      Wall Street Journal  |  Apr 30, 08 3:38 PM CDT

      Rate-Cut News Sweeps Away Rally

      (Newser) - News of today's Fed interest-rate cut swept away a market rally, and stocks ended down. Language in the Fed statement indicating that further trims were unlikely spooked investors, the Wall Street Journal reports, though that news was expected. The Dow ended down 11.81 to 12,820.13; the Nasdaq was off 13.30 to 2,412.80; and the S&P down 5.35 to 1,385.59. More »

      Tags

      stock market  • Federal Reserve  • inflation  • interest rate cut

    • Fed Trims Rate to 2%

      Wall Street Journal  |  Apr 30, 08 1:31 PM CDT

      Fed Trims Rate to 2%

      (Newser) - As expected, the Federal Reserve cut a key US interest rate today, the Wall Street Journal reports, trimming its overnight rate a quarter-point to 2%. Seven consecutive cuts have the rate down from 5.25% in September as the Fed attempts to keep the economy from stalling under credit woes. "Economic activity remains weak," today's statement says, and markets "remain under considerable stress." More »

      Tags

      Federal Reserve  • interest rate cut

    • Fed Ponders Pause in Rate Cuts—After 1 More

      Wall Street Journal  |  Apr 24, 08 10:05 AM CDT

      Fed Ponders Pause in Rate Cuts—After 1 More

      (Newser) - The Federal Reserve may be ready to cool its torrid rate-cutting after a likely .25% percentage point cut at its meeting next week, the Wall Street Journal reports. Futures markets are betting Chairman Ben Bernanke is unlikely to rest just yet, with little change in the month-to-month economic picture, but will pause after that to assess the cuts' effect and avoid stoking inflation. More »

      Tags

      Federal Reserve  • recession  • Ben Bernanke  • inflation  • subprime crisis  • interest rate cut

    • Bank of England Cuts Interest Rate

      Bloomberg  |  Apr 10, 08 7:35 AM CDT

      Bank of England Cuts Interest Rate

      (Newser) - The Bank of England today cut its benchmark interest rate 25 basis points to 5%, reports Bloomberg, hoping to keep the nation’s economy out of recession. Despite the third cut since December, BoE’s rate remains the highest among the Group of Seven industrialized nations; policymakers have drawn fire for being “behind the curve” in responding to the credit crisis. More »

      Tags

      recession  • credit crisis  • Gordon Brown  • inflation  • interest rate cut  • Bank of England  • Mervyn King

    • Bernanke: Adjustment Is Mostly Over

      Wall Street Journal  |  Apr 2, 08 10:24 AM CDT

      Bernanke: Adjustment Is Mostly Over

      (Newser) - Ben Bernanke for the first time acknowledged the possibility of a US recession, but he also voiced optimism that “much” of the adjustment period was over, the Wall Street Journal reports. His testimony before Congress seemed to suggest an end to aggressive stimulus measures—noting that rates had already been cut “substantially” and inflation was still a “source of concern.” More »

      Tags

      Congress  • US economy  • Federal Reserve  • recession  • Ben Bernanke  • interest rate cut  • economic stimulus

  • March 2008

    • Could the Credit Crunch Sink a Whole Country?

      Financial Times (UK)  |  Mar 26, 08 9:10 AM CDT

      Could the Credit Crunch Sink a Whole Country?

      (Newser) - The global credit crisis has spelled disaster for banks and hedge funds, but now worry is mounting that an entire country could go under. Yesterday the central bank of Iceland was forced to raise its interest rate 1.25 percentage points to 15% at an emergency meeting, reports the Financial Times . The surprise move was a desperate effort to curb runaway inflation and prop up the krona, a currency in free fall. More »

      Tags

      credit crisis  • inflation  • interest rate cut  • Iceland

    • Fed Cut Raises Inflation Fears

      Washington Post  |  Mar 19, 08 10:27 AM CDT

      Fed Cut Raises Inflation Fears

      (Newser) - The Federal Reserve's latest rate cut might boost the economy with cheaper credit, but economists worry a freed inflation genie could be behind any magic, the Washington Post reports. Commodity prices rose to record levels in expectation that the rate cut would keep demand high, and the price hikes are liable to soon filter down to the checkout line. More »

      Tags

      Federal Reserve  • Ben Bernanke  • inflation  • mortgage  • interest rate cut  • commodities  • exports  • Kenneth Rogoff

    • Stocks Blast Off; Dow Rises 420

      Bloomberg  |  Mar 18, 08 3:47 PM CDT

      Stocks Blast Off; Dow Rises 420

      (Newser) - Stocks blasted off today, with the Dow up more than 400 points after the Fed rate cut and a rally by investment bank stocks. "The run on the investment banks would appear to be over,'' a strategist told Bloomberg. The Dow ended up 420.41 at 12,392.66, the Nasdaq up 91.25 at 2,268.26, and the S&P 500 up 54.14 at 1,330.71. More »

      Tags

      stock market  • Federal Reserve  • Goldman Sachs  • interest rate cut

    • Fed Cuts Key Interest Rate ¾ Point

      Wall Street Journal  |  Mar 18, 08 1:37 PM CDT

      Fed Cuts Key Interest Rate ¾ Point

      (Newser) - The Federal Reserve today cut the federal funds rate by ¾ of a percentage point, from 3% to 2.25%, disappointing many investors who were hoping for a cut of a full point, reports the Wall Street Journal . The Fed voted 8-2 for the rate cut. "Recent information indicates that the outlook for economic activity has weakened further," the central bank said in a statement, adding it will take further action when needed. More »

      Tags

      Federal Reserve  • Ben Bernanke  • interest rate cut  • weak dollar

    • Fed 'Will Get on Top of This,' Says Bernanke Mentor

      Bloomberg  |  Mar 18, 08 10:35 AM CDT

      Fed 'Will Get on Top of This,' Says Bernanke Mentor

      (Newser) - Ben Bernanke has the savvy to inject enough liquidity into the US economy to push it through the current credit crisis, says a leading economist who advised the Fed chief's MIT doctoral thesis. “The Fed will get on top of this,” said Stanley Fischer, ahead of this afternoon's meeting in which the board was expected to announce a rate cut of up to 1%. More »

      Tags

      Federal Reserve  • credit crisis  • Ben Bernanke  • inflation  • interest rate cut  • MIT  • International Monetary Fund  • IMF

    • Fed Cuts Bank Discount Rate to Boost Liquidity

      Associated Press  |  Mar 16, 08 7:21 PM CDT

      Fed Cuts Bank Discount Rate to Boost Liquidity

      (Newser) - The Federal Reserve raced to buck up an anxious financial sector today by cutting its discount rate to banks by a quarter point, to 3.25%, the AP reports. It also created a new lending facility to aid investment banks with short-term loans. The moves are "designed to bolster market liquidity and promote orderly market functioning," the Fed said. "Liquid well-functioning markets are essential for the promotion of economic growth." More »

      Tags

      US economy  • Federal Reserve  • Ben Bernanke  • interest rate cut  • liquidity  • federal loans

    • Most Economists Say Recession Is Here

      Wall Street Journal  |  Mar 13, 08 5:00 PM CDT

      Most Economists Say Recession Is Here

      (Newser) - A cascade of bleak financial news has convinced most economists in a Wall Street Journal poll that the US is already in a recession. The results are markedly more negative than a similar survey only five weeks ago, and much of the foul mood can be traced to last week’s dismal employment report. “The evidence is now beyond a reasonable doubt,” said one. Of the 51 economists polled, 71% said recession had arrived. More »

      Tags

      recession  • Wall Street  • economy  • unemployment  • retail sales  • interest rate cut  • payrolls  • downturn

    • Gold Hits Record $1K per Ounce

      BBC  |  Mar 13, 08 1:03 PM CDT

      Gold Hits Record $1K per Ounce

      (Newser) - Gold hit $1,000 per ounce for the first time today, the BBC reports, as investors flock to commodities. The precious metal is already up 20% on the year. “Every bit of bad US economic data boosts gold in two ways,” said Fortis Bank, both because gold is a “safe haven” asset and because the dollar drops on expectations of US interest-rate cuts. More »

      Tags

      Federal Reserve  • inflation  • US dollar  • interest rate  • interest rate cut  • commodities  • gold

  • February 2008

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