Fed cuts key interest rate a quarter-point (Los Angeles Times)
Story date: 2007-10-31 12:21:12
Added on: 2007-10-31 14:00:19
The central bank signals that the move, its second in as many months, will be it for a while. Stocks surge on the news. The Federal Reserve cut its key interest rate today for the second time in two months, hoping to prevent the housing downturn and the sub-prime mortgage crisis from undermining the health of the rest of the economy.
Read more...
Related Stories:
-
Fed cuts key rate a quarter-point (Los Angeles Times)
The central bank signals that the move, its second in as many months, might be it for a while. Stocks surge on...
2007-10-31 12:21:12 -
Fed cuts key funds rate by three quarters of a point to 2.25 pct ...
Forbes - It is the second such move in just under two months. The Fed's policymaking Federal Open Market Committee (FOMC) lowered...
2008-03-18 01:02:00 -
Fed cuts key interest rate 3/4 of a point
Baltimore Sun - Before Tuesday's move, the Fed had cut interest rates three times, beginning in September, the month after a severe...
2008-01-22 08:29:00 -
Move to offer Bankrate mortgage-related information on Web site
CNBC - Move's Web site Move.com will offer mortgage and home-equity rate data from Bankrate. Rate tables compare mortgage products, interest rates...
2007-09-07 01:02:00 -
Analysis: Rate Cut Jolt May Be Fleeting
Washington Post - The Fed's action also won't stop home foreclosures and late mortgage payments from rising in the months ahead. In...
2007-09-19 01:59:00 -
Hungarian central bank cuts interest rate to 7.5 per cent (EARTHtimes.org)
Budapest - Hungary's central bank on Monday cut its main interest rate by 25 basis points to 7.5 per cent in a...
2007-09-24 07:51:28 -
Move Agrees to Offer Bankrate Info
CNBC - Rate tables compare mortgage products, interest rates and fees. The information will be located on Move.com's finance channel. Move Inc.'s...
2007-09-07 01:02:00 -
Deflation buzz drives talk of a rate cut (The Arizona Republic)
After months of thinking the Fed's next move would be a rate increase, the market is suddenly toying with the idea of...
2008-09-08 10:39:42