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Shares are set to fall on Wednesday, with futures for the Dow Jones, S&P 500 and Nasdaq down between 1.9 and 2.4 percent. * All eyes will be on the Federal Reserve's interest rate decision at 12:15 p.m. EDT, widely expected to be a cut to 1 percent, from 1.5 percent. * Wall Street enjoyed its second-biggest ever rise on Tuesday, with the Dow Jones Industrial Average .DJI soaring 10.9 percent, as investors took advantage of cheap valuations, and bet that borrowing costs worldwide would come down. Japan's Nikkei Index .N225 rose 7.7 percent on Wednesday. * Third-quarter earnings are due from a raft of companies, including Procter & Gamble Co., Kellogg Co., Kraft Foods, Corning, Cardinal Health, Allergan, Comcast Corporation (CMCSA.O: Quote , Profile , Research , Stock Buzz
Fed Rate Cut Expected | GFT Forex
U.S. dollar down in currency trading ... Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons.
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Fed Rate Cut Expected; Could Bolster Lending : NPR
The Federal Reserve holds its last meeting of 2007 today, where it is expected to announce a cut in interest rates of 25 basis points (a quarter of a percentage point). The cut ...
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fed-cuts-5-as-expected-rates-up
The first Fed meeting of 2008 ended today with another cut to short term interest rates. In addition to the .75 emergency cut last week, the Fed cut another .5 today, in a move ...
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Another Fed rate cut expected. - Credit in the News - FICO Forums
Another rate cut expected. The bottom isn't here yet folks. Strap in and enjoy the ride.
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USA TODAY survey: Fed rate cut expected this week
Federal Reserve policymakers this week are likely to cut interest rates as the economy slumps into a recession marked by the first decline in consumer spending in 17 years ...
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Another Key Interest Rate Cut Expected From Fed
Central banks around the world might act together to cut interest rates. The worst financial crisis in 70 years has forced the Federal Reserve to employ all the weapons in its arsenal — including cutting interest rates to near historic lows — to ...
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Source: ABC News
NewsDateTime: 1 hour ago
US futures point to decline; Fed rate cut expected
* U.S. shares are set to fall on Wednesday, with futures for the Dow Jones DJc1, S&P 500 SPc1 and Nasdaq NDc1 down between 1.9 and 2.4 percent. * All eyes will be on the Federal Reserve's interest rate decision at 1815 GMT, widely expected to be a ...
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Source: Reuters
NewsDateTime: 35 minutes ago
Stock futures point to decline; Fed rate cut expected
LONDON (Reuters) - Shares are set to fall on Wednesday, with futures for the Dow Jones, S&P 500 and Nasdaq down between 1.9 and 2.4 percent. * All eyes will be on the Federal Reserve's interest rate decision at 12:15 p.m. EDT, widely expected to be a ...
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Source: MSN MoneyCentral
NewsDateTime: 49 minutes ago
GLOBAL MARKETS-Stocks gain on rate cut hopes, but outlook grim
United States - * Fed expected to cut rates, speculation grows of BoJ easing * Yen edges up but lower on the week vs U.S. dollar * Oil climbs as stocks rally but gains are tame By Kevin Plumberg HONG KONG, Oct 29 (Reuters) - Most Asian stock markets ...
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Source: Forbes
NewsDateTime: 3 hours ago
Fed Prepares to Cut Rate to Fight Financial Crisis
The Federal Reserve is widely expected to cut interest rates by at least a half-percentage point on Wednesday in yet another move to turn around the credit crisis that is threatening the United States with a deep and prolonged recession. The Federal ...
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Source: CNBC
NewsDateTime: 2 hours ago
Democratic presidential candidate Barack Obama
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Title: National Emergency Statement! LaRouche Speaks on Fed Rate
Categories: treaty,national,north,president,congress,stanley,News,street,reserve,central,Bernanke,depression,equity,indymac,greenspan,european,war,obama,stearns,wall,city,corn,mccain,iran,state,LaRouche,collapse,iraq,lisbon,morgan,gore,bank,union,ethanol,financier,euro,lending,oil,economic,gold,american,interest,food,fuel,gas,afganistan,citigroup,federal,order,dollar,rate,crisis,london,world,amero,market,soros,spot,rand,of,eu,recession,ayn,housing,percent,Lyndon,bear,credit,new,
Published on: 8/5/2008 9:45:19 PM
Title: Surprise! It's a Fed rate cut! Gnooze 1-23-08
Categories: rate,gnooze,cut,wall,stocks,fred,padilla,News,funny,jose,street,news,dirty,comedy,heath,law,ledger,fed,thompson,order,bomb,
Published on: 1/23/2008 2:07:31 AM
Title: FED RATE CUTS Now what?
Categories: stock,rate,crisis,cuts,market,Comedy,fed,
Published on: 10/8/2008 7:28:24 AM
Title: National Emergency Statement! LaRouche Speaks on Fed Rate
Categories: 700,war,News,money,reserve,bailout,Bernanke,LaRouche,billion,federal,bush,Lyndon,
Published on: 9/24/2008 11:43:30 AM
Title: Jim Cramer Hype, Fed Rate Cut, Merrill Lynch Talks Recession
Categories: cnbc,rate,cramer,market,interest,News,stock,reserve,money,goldman,bartiromo,federal,nesto,ratigan,dylan,kudlow,jim,matt,sachs,
Published on: 9/24/2007 7:14:48 PM
- a day that will live in financial infamy
Fear turned into panic on Wall Street today as sellers indiscriminately dumped shares and potential buyers stood frozen like deer in the headlights.
Exactly one year after it hit its all-time high, the Dow Jones industrial average posted its seventh-straight loss, tumbling 678.91 points, or 7.3 percent, to close at 8,579.19. Since October began, it has fallen almost 21 percent.
Investors seem to be losing faith in the ability of the world's governments and central banks to unfreeze the credit markets and prevent a severe recession.
Also roiling the markets: The Securities and Exchange Commission today lifted its temporary ban on short-selling in almost 1,000 mostly financial companies. Short sellers, who bet against stocks they think will fall, have been blamed for contributing to the stock market collapse.
Today, however, investors abandoned stocks in all industries. Only 12 of the 500 stocks in the S&P 500 index eked out a gain.
The world’s central banks tried to jump-start investors’ confidence today with coordinated interest rate cuts.
On Wall Street, it looked like the move was doing the trick late in the day -- until the final 30 minutes of trading.
The Dow Jones industrials had been up as much as 150 points going into the final half hour, then abruptly gave it all up and closed down 189.01 points, or 2%, to 9,258.10. Broader indexes also lost between 1% and 2%. It was the market's sixth straight loss, and left the Dow off 34.6% from its record high reached a year ago this week.
Still, the action today was dramatically improved from the previous two sessions. The Dow was off 370 points Monday and 508 points Tuesday.
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On the New York Stock Exchange, 749 stocks rose and 2,457 fell. That’s lousy, except when compared with Tuesday’s sell-off, when just 387 issues rose while 2,879 fell. On Monday, a mere 248 stocks were up.
Some stocks today sparked genuine enthusiasm: Agricultural products giant Monsanto Co. reported a fiscal fourth-quarter loss, which was expected (it’s a seasonal issue). But the company said it expected fiscal 2009 earnings to be up 15% to 20% and that its farmer customers weren’t reporting trouble getting credit.
Monsanto’s shares surged $7.26, or 9.8%, to $81.44.
Among blue chips, battered General Electric Co. sank as low as $19.90 but finished at $20.65, up 35 cents. The overnight rate the company was offering on commercial paper was 1.25%, down from 1.90% on Tuesday, Bloomberg News reported. That hinted at some improvement in the credit markets.
But other key short-term rates continued to climb, despite the central banks’ rate cuts. The three-month dollar Libor loan rate (short for London interbank offered rate) rose to 4.52% from 4.32% on Tuesday.
If there’s to be a noticeable turn in confidence, "We’ll see it first in the credit markets and then in the equity markets," said Marshall Front, chairman of money manager Front Barnett Associates in Chicago.
One other encouraging signal from the credit side: Massachusetts was able to sell $750 million in short-term tax-free notes today, a sign that investors were returning to the municipal debt market. That could bode well for California, which plans to tap the muni market for $4 billion in short-term funding next week.
Meanwhile, oil prices looked for direction as traders weighed fears that a world recession will crimp demand against speculation that OPEC may cut output to keep prices from falling too far. Light, sweet crude rose 14 cents to $89.09 per barrel on the New York Mercantile Exchange.
Declining issues outnumbered advancers by about 3 to 1 on the New York Stock Exchange, where volume came to 386.7 million shares.
The Russell 2000 index of smaller companies fell 6.77, or 1.24 percent, to 539.80.
In Asia, Japan's Nikkei 225 closed down 0.50 percent while the Hang Seng added 3.31 percent. In afternoon trading, European bourses advanced, with Britain's FTSE-100 up 1.65 percent, Germany's DAX up 0.86 percent, and France's CAC-40 up 0.34 percent.
On the Net:
* New York Stock Exchange: http://www.nyse.com
* Nasdaq Stock Market: http://www.nasdaq.com
Tonight's town hall style debate is moderated by Tom Brokaw of NBC News. Brokaw will ask six or seven of the more than 6 million questions submitted over the Internet.
Presidential candidates John McCain and Barack Obama debated in Nashville, Tennessee, on Tuesday night. NBC's Tom Brokaw moderated the debate.
With public anxiety mounting over financial markets and the economy, Sens. Barack Obama and John McCain engaged in a muted debate Tuesday night over who was to blame and whose plan would successfully address the problems.
In the second presidential debate, at Belmont University in Nashville, Tenn., Obama faulted the Bush administration and by extension McCain for a deregulatory environment that he said had led to the economic meltdown. McCain, pledging to aid struggling homeowners, offered a proposal to direct the federal government to save families from foreclosure by buying mortgages they could no longer afford.
"As president of the United States," McCain said in response to an audience member's question, "I would order the secretary of the Treasury to immediately buy up the bad home loan mortgages in America and renegotiate at the new value of those homes, at the diminished value of those homes and let people make those, be able to make those payments and stay in their homes. Is it expensive? Yes."
Obama, who has been gaining strength in recent polls, actively engaged McCain, and repeatedly focused on the bread-and-butter struggles of Americans, vowing to help them with a "rescue package" for the middle class, not only for banks and insurance companies on Wall Street. The first part of the package, he said, would be tax cuts for all American households making less than $250,000 a year.
"It means help for homeowners so that they
