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December 2, 2008 7:19:29 AM CST

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 Fed Holds Line on Interest 
 Rates; Markets Bounce 

Committee leaves rate at 2%, confounding investors' expectations

Wall Street Journal Wall Street Journal 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 the news that an anticipated cut wouldn't materialize, but bounced back up in late afternoon trading. More »

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

Fed Remains Open to More Rate Cuts

Minutes from last meeting display growing concern about markets

Wall Street Journal Wall Street Journal Jan 2, 08 7:33 PM CST
(Newser) - Fed officials will consider deeper rate cuts and a "substantial further easing of policy" if the turmoil in the credit and housing markets continues, according to minutes of last month's meeting. Officials displayed surprise at the extent of the housing crisis and acknowledged that market strains "could persist for quite some time," the Wall Street Journal reports. More »

Fed OKs Quarter-Point Cut

Federal funds figure drops for 3rd month

Wall Street Journal Wall Street Journal Dec 11, 07 1:30 PM CST
(Newser) - The Federal Reserve cut two key interest rates at this afternoon's meeting, lopping a quarter-point off both the federal funds rate and the discount rate. The federal funds rate now stands at 4.25%, which represents a drop of 100 basis points over the past 3 months, the Wall Street Journal reports. The discount rate is now 4.75%. More »

More about:  Federal Reserve • interest rate • interest rate cut • federal funds rate • discount rate

Fed Shaves
Half- Point Off Discount Rate

Surprise cut boosts futures trading and Euro markets

Associated Press Associated Press Aug 17, 07 8:14 AM CDT
(Newser) - In a surprise move, the Fed cut its discount rate, which it charges on direct loans to banks, from 6.25% to 5.75% this morning. The central bank acted to calm fears about uncertainty in the global markets surrounding the worsening credit crunch and underlying subprime-loan crisis. The federal funds rate, which banks charge each other, was unchanged at 5.25%. More »

More about:  Federal Reserve • subprime mortgages • bank • finance • markets • economic growth • loans • global market • discount rate

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