Mortgage and Financial News From 2007-8-19 Page 26
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Federal Reserve cuts key rate to calm markets
Los Angeles Times - The Federal Reserve unexpectedly lowered a closely watched short-term interest rate this morning, signaling its concern that the turmoil engulfing financial markets has the potential to leach into the broad economy. The news spurred an immediate ...
2007-08-17 09:31:00 -
London shares soar as Fed cuts interest rate
Times Online - London's leading blue-chip shares jumped sharply at lunchtime after the US Federal Reserve cut interest rates to ease the credit crunch. The FTSE 100 index rebounded more than 200 points. The Fed said that the downside risks to growth of ...
2007-08-17 01:46:00 -
US SWAPS-Spreads narrow after discount rate cut
Reuters - NEW YORK, Aug 17 (Reuters) - Spreads on U.S. ten-year interest rate swaps tightened on Friday after the Federal Reserve lowered the discount rate in a move to ease a liquidity squeeze stemming from the subprime mortgage sector. Swap spreads are seen ...
2007-08-17 01:17:00 -
Markets' week of living dangerously
Observer - When Ben Bernanke and his colleagues at the Federal Reserve Board gathered for their regular interest-rate-setting meeting less than a fortnight ago they had stiff upper lips firmly on display as the Wall Street chaos erupted around them. Despite ...
2007-08-18 11:53:00 -
Countrywide Rallies on Fed Rate Cut
Forbes - Shares of Countrywide Financial Corp. leaped higher after the Federal Reserve cut a key interest rate early Friday that will make it easier for the struggling mortgage lender to raise cash. The Federal Reserve slashed the discount rate - or the ...
2007-08-17 04:09:00 -
Fed cuts discount rate, raising Bernanke's reputation
Worldnews.com - A cut in the more important federal funds rate is expected to follow in short order as the central bank battles to keep the economy out of recession. Some economists believe the Fed could engineer more interest-rate reductions at each of its three ...
2007-08-18 11:25:00 -
Euro gains against dollar as Fed cuts discount rate
Taipei Times - The Fed on Friday slashed its discount rate -- the interest rate charged on loans to commercial banks -- by a half-percentage-point in a bid to increase liquidity in the banking market. Traders on the currency market welcomed the move, after a ...
2007-08-19 12:29:00 -
Idearc Enters Interest Rate Swap
MSN MoneyCentral - Idearc Inc. IAR , home to Superpages.com(R) (www.superpages.com) and publisher of the Verizon(R) Yellow Pages, today announced that it has entered into an interest rate swap, which effectively converts $1.1 billion of the company's existing Tranche A ...
2007-08-17 04:02:00 -
Fed Approves Cut in Discount Loan Rate
Chicago Tribune - ... action sent stocks soaring, with the Dow Jones industrial average up more than 300 points right after the opening bell. The blue chip index finished the day up 233.30 points at 13,079.08. The decision means that the discount rate, the interest rate ...
2007-08-18 07:07:00 -
Dow Jones rallies 233 after government cuts key interest rate
New York Daily News - As representatives from Cosan Ltd. rang closing bell on New York Stock Exchange yesterday, traders celebrated big rally. The stock market staged a big rally yesterday after the Federal Reserve surprised Wall Street by giving investors an interest ...
2007-08-18 08:51:00 -
Costello brushes aside rate rise claims
Nine MSN - Federal Treasurer Peter Costello has brushed aside suggestions the Reserve Bank governor has warned a pre-election spending spree could trigger an interest rate rise. But Mr Costello indicated he intended to keep the budget in surplus leading into ...
2007-08-19 12:36:00 -
Fed shifts its focus to interest rates
Worldnews.com - WASHINGTON - A dramatic cut in the Federal Reserve's discount rate sent stocks soaring Friday, but the spreading global credit crisis means the Fed will almost certainly have to do more. A cut in the more important federal funds rate is expected to ...
2007-08-18 11:25:00 -
Fed makes a rate cut; another on the way?
Seattle Times - Traders and specialists fill the trading floor of the New York Stock Exchange Friday. The Federal Reserve slashed its discount rate by a half-point to 5.75 percent, which is the interest rate the Fed charges banks for direct loans. J. SCOTT ...
2007-08-18 11:25:00 -
Stocks soar as Fed cuts interest rate (The Buffalo News)
WASHINGTON — A dramatic cut in the Federal Reserve’s discount rate sent stocks soaring Friday, but the spreading global credit crisis means the Fed will almost certainly have to do more.
2007-08-18 10:59:17 -
Stock-market volatility may delay interest rate rises (Sunday Business Post)
Tumbling stock markets across the globe could delay further interest rate increases by the European Central Bank. The bank is expected to raise interest rates by 0.25 percentage points again next month.
2007-08-17 01:07:52