Emergency Rate Cut Helpful But Not Enough
The central banks should have cut at least 100 basis points. World governments should also immediately band together and put together a comprehensive plan.
The central banks should have cut at least 100 basis points. World governments should also immediately band together and put together a comprehensive plan.
USA Today | Barbara Hagenbaugh | Posted 03.28.2008 | Business
The Fed's cut is good news for borrowers but bad for savers. Lenders cut the prime rate, the benchmark for many home-equity loans. Credit card rates ...
AP | MADLEN READ | Posted 03.28.2008 | Business
NEW YORK — Wall Street stormed higher Tuesday as investors, optimistic following stronger-than-expected earnings from two big investment banks, ...
236.com | Posted 03.28.2008 | Business
Economic meltdown looms, and Federal Reserve Chairman Ben Bernanke is doing what he does best: lowering interest rates. At least, that's what financia...
Reuters | Posted 03.28.2008 | Business
The Federal Reserve slashed a key U.S. interest rate by three-quarters of a percentage point Tuesday, a substantial cut but smaller than many in finan...
AP | JEANNINE AVERSA | Posted 03.28.2008 | Business
WASHINGTON — The Federal Reserve delivered powerful new relief to people and businesses squeezed by the ailing economy Wednesday, cutting intere...
AP | ANDREW TAYLOR | Posted 03.28.2008 | Business
WASHINGTON — House Democratic and Republican leaders appeared close to agreement with the White House Wednesday night on a significantly reworke...
Reuters | Louise Heavens | Posted 09.28.2009 | Business
Asian shares rallied on Wednesday with Hong Kong jumping 7 percent after the Federal Reserve's biggest interest rate cut in over two decades tempted i...
AP | TERENCE HUNT | Posted 03.28.2008 | Business
WASHINGTON — Jolted by global recession fears, the Federal Reserve slashed interest rates Tuesday, and President Bush and leaders of Congress jo...
AP | MADLEN READ | Posted 03.28.2008 | Business
NEW YORK — The opening bell hadn't even sounded on Wall Street when the Federal Reserve announced an emergency interest-rate cut. The Dow Jones ...
Washington Post | Posted 03.28.2008 | Home
The Federal Reserve cut a key U.S. interest rate by three-quarters of a percentage point this morning, responding to a broad global sell-off of stocks...
AP | TERENCE HUNT | Posted 03.28.2008 | Business
WASHINGTON — Jolted by global recession fears, the Federal Reserve slashed interest rates Tuesday, and President Bush and leaders of Congress jo...
AP | Joe Bel Bruno | Posted 03.28.2008 | Business
Stocks gave up sharp gains to trade flat Wednesday after initially upbeat investors turned cool to a Federal Reserve plan to work with other central b...
AP | JEANNINE AVERSA | Posted 03.28.2008 | Business
The Federal Reserve dropped its most important interest rate to a nearly two-year low on Tuesday and left the door open to additional cuts to prevent ...
AP | John Wilen | Posted 03.28.2008 | Business
Oil futures rose Tuesday, but retreated from earlier highs, after the Federal Reserve cut a key interest rate by one-quarter of a percentage point to ...
AP | Posted 03.28.2008 | Business
The Federal Reserve has cut a key interest rate by one-quarter of a percentage point to 4.25 percent, the third rate cut in three months. The quarter...
AP | Martin Crutsinger | Posted 03.28.2008 | Business
Faced with a spreading mortgage crisis, the Federal Reserve is expected to cut interest rates today for a third straight time and hint that even more ...
AP | Alan Zibel | Posted 03.28.2008 | Business
The interest rate cut Wall Street believes will buffer the economy from housing market woes is unlikely to boost hard-hit banks and homebuilders much ...
AP | Martin Crutsinger | Posted 03.28.2008 | Business
The Federal Reserve, confronted with surging oil prices and a slumping housing market, on Wednesday cut a key interest rate by a quarter-point, the se...
Henry Blodget | Posted 11.08.2008 | Business