Mortgage and Financial News From 2008-3-18 Page 12
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London rebounds as Fed prepares rate cut
Times Online - London shares jumped almost 100 points in early trading today ahead of an interest rate cut by the US Federal Reserve which could ... cent yesterday as traders speculated that it would be the next bank after Bear Stearns to fall victim to the sub-prime ...
2008-03-18 01:28:00 -
Big interest rate cut foreseen
Lexington Herald-Leader - That would bring the prime rate, which banks charge to their best customers, down to 5 percent. What such low interest rates would mean for consumers isn't clear, since turmoil in the credit markets means that banks aren't lending.
2008-03-17 11:55:00 -
Fed Ready To Cut Key Rate Even Further
The Ledger - WASHINGTON | The Federal Reserve is primed to aggressively cut a key interest rate even lower today, racing to contain ... If that happens, commercial banks' prime lending rate on certain credit cards, home equity lines of credit and other loans ...
2008-03-18 03:22:00 -
Fed tries to jump-start economy
Miami Herald - An additional full percentage point cut would put the Fed's bellwether short-term ''federal funds'' rate at 2 percent and lower the prime rate, which banks charge to their best customers, to 5 percent. What such low interest rates would mean for ...
2008-03-17 11:55:00 -
Fed not done cutting rates yet
Columbus Dispatch - HOME-EQUITY LOANS : Adjustable rates tend to be tied to the prime rate, so interest on your loan likely will fall, too. Source: Dispatc h research
2008-03-18 03:08:00 -
US Fed to announce major interest rate cut
Belfast Telegraph - The US Federal Reserve is expected to cut interest rates again today in an effort to stave off a major economic recession. The Fed has already cut rates from 4.25% to 3% earlier this year when problems in the US sub-prime mortgage market caused a ...
2008-03-18 02:25:00 -
Malaysian shares close flat ahead of Fed's rate decision - UPDATE
CNBC - ... little changed on Tuesday as investors remained cautious ahead of the Federal Reserve's rate-setting meeting tonight. On the local front, Prime ... The Fed's interest rate policy is crucial to resolving the subprime mess and equity markets are likely ...
2008-03-18 03:08:00 -
Expectation of hefty Fed cut keeps dollar near lows (The Globe and Mail)
LONDON (Reuters) - The dollar eased back towards the previous day's record lows versus the euro on Tuesday on expectations of a hefty Federal Reserve rate cut that will make the U.S. currency the second lowest yielder in the G10.
2008-03-18 05:01:48 -
Examiner.com Related Articles: (The San Francisco Examiner)
He said the focus of policymakers "is reducing the spillover into the real economy from the turbulence and disruptions in our financial markets."
2008-03-18 05:04:16 -
Late rally cheers investors (The Business EDP 24)
The UK's leading shares bounced back from yesterday's market turmoil today after a late rally on Wall Street cheered investors.
2008-03-18 05:25:23 -
APM to buy Summerside's old Holland College building (CBC Prince Edward Island)
A well-known Prince Edward Island developer is set to buy a prime piece of Summerside real estate from the province, CBC News has learned.
2008-03-18 05:26:38 -
Local investors watch, wait (The Marietta Times)
As the Federal Reserve continues to carve away at the interest rate today, after providing emergency financing over the weekend for Wall Street's Bear Stearns investment firm, some local folks are becoming concerned about their investment portfolio. Wall Street ended a temperamental session widely mixed Monday after investors grappled with JPMorgan Chase & Co.
2008-03-18 05:32:37 -
Japan Opposition Rejects Tanami, Assuring BOJ Vacancy (Update1) (Bloomberg.com)
March 18 (Bloomberg) -- Japan's main opposition party said it will reject Prime Minister Yasuo Fukuda 's second candidate to lead the central bank, assuring a vacancy before the current governor's term expires tomorrow.
2008-03-18 05:36:35 -
Wholesale Prices Rise in February (The San Francisco Examiner)
WASHINGTON ( Map , News ) - Wholesale prices rose again in February as another hefty increase in energy costs offset falling food prices. Outside of food and energy, prices shot up at the fastest pace in 15 months.
2008-03-18 05:49:11 -
Retail sector feeling pain (News 24 South Africa)
Confidence among retailers is at a 5-year low, and with purchase and selling prices increasing significantly during the first quarter, inflation is still accelerating.
2008-03-18 05:53:34