Mortgage and Financial News From 2008-1-30 Page 51

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  • Major retailers inch up after Federal Reserve cuts interest rate by ...

    CNBC - NEW YORK - Most major retailers' shares rose Wednesday after the Federal Reserve cut a key interest rate by half a percentage point, another effort to ease investor concern about the economy. The Fed lowered the benchmark federal funds rate, the rate ...
    2008-01-30 11:33:00

  • Casual dining shares mixed after Federal Reserve cuts interest rate

    CNBC - NEW YORK - Restaurant stocks were mixed on Wednesday, after the Federal Reserve cut a key interest rate for the second time in just over a week. The Fed cut its federal funds rate by a half point to 3 percent, as expected, signaling that further rate ...
    2008-01-30 11:33:00

  • Mortgage insurance stocks jump after Fed cuts benchmark interest rate ...

    CNBC - NEW YORK - Mortgage insurance stocks jumped Wednesday after the Federal Reserve cut its target for a key benchmark interest rate, potentially offering a salve to mortgage borrowers having trouble paying their bills. The Federal Reserve on Wednesday ...
    2008-01-30 11:40:00

  • Gold Futures Gain as Fed Cuts U.S. Interest Rate to 3 Percent

    Bloomberg - Jan. 30 (Bloomberg) -- Gold futures rose after the Federal Reserve lowered interest rates 0.5 percentage point to 3 percent, weakening the dollar and boosting the appeal of the precious metal as an alternative investment. The Fed lowered the federal ...
    2008-01-30 11:55:00

  • Mexican Peso Gains After Fed Cuts Interest Rate to Buoy Economy

    Bloomberg - Jan. 30 (Bloomberg) -- Mexico's peso advanced after the Federal Reserve cut the benchmark U.S. interest rate by a half- percentage point, making yields on emerging-market assets more attractive. The Fed lowered its benchmark interest to 3 percent ...
    2008-01-30 11:33:00

  • Fed cuts its key interest rate by 50 bp to 3%

    International Herald Tribune - WASHINGTON : The Federal Reserve reduced short-term interest rates on Wednesday for the second time in eight days, meeting expectations by investors on Wall Street for a big rate cut. In lowering its benchmark Federal funds rate by 50 basis points to ...
    2008-01-30 11:19:00

  • Gold Futures Decline on Interest-Rate Outlook; Silver Falls

    Bloomberg - Jan. 30 (Bloomberg) -- Gold futures fell on lowered expectations the Federal Reserve will reduce U.S. interest rates, eroding the appeal of the precious metal as an alternative to the dollar. Silver also declined. ``There is a rising degree of ...
    2008-01-30 11:26:00

  • Fed cuts key interest rate a half point

    Chicago Tribune - The Federal Reserve on Wednesday lowered its key lending rate by one-half percentage point, capping an unprecedented eight-day period in which officials slashed rates massively to ward off recession risks. Officials signaled they're willing to ease ...
    2008-01-30 11:12:00

  • Fed cuts key interest rate by half point

    MSN MoneyCentral - WASHINGTON (Reuters) - The Federal Reserve cut a key interest rate by a half-percentage point on Wednesday as part of an aggressive effort to halt a sharp slowdown in an economy hit by a housing slump and a credit crunch. The Fed's action takes the ...
    2008-01-30 11:26:00

  • Stocks jump following interest rate cut

    Boston Globe - NEW YORK— Wall Street surged higher Wednesday after the Federal Reserve, confirming that there is increasing stress on the economy, cut interest rates half a percentage point and indicated that more rate reductions are possible. The Fed's statement ...
    2008-01-30 11:55:00

  • Fed cuts interest rate - 2nd time in 8 days

    San Francisco Gate - del.icio.us (01-30) 11:17 PST SAN FRANCISCO -- The Federal Reserve cut its benchmark short-term interest rate today just eight days after it took unprecedented action to lower borrowing costs, the latest move in a concerted push by the nation's ...
    2008-01-30 12:02:00

  • Fed Cut No Help for Rising Fixed Rates - Originator Times

    Fed Cut No Help for Rising Fixed RatesOriginator Times - 10 minutes agoWASHINGTON, DC - The Federal Reserve, at the Federal Open Market Committee meeting Wednesday, cut key interest rates another half-percentage point. ...
    2008-01-30 12:12:32

  • Long-Term Bonds Drop As Fed Cuts Rates - Bismarck Tribune

    Long-Term Bonds Drop As Fed Cuts RatesBismarck Tribune,  USA - 10 minutes agoNEW YORK (AP) -- Long-term Treasury prices sold off and stocks rallied Wednesday after the Federal Reserve approved a widely expected interest rate cut and ...
    2008-01-30 12:12:33

  • NZ dollar up on US rate cut - Stuff.co.nz

    NZ dollar up on US rate cutStuff.co.nz, New Zealand - 10 minutes agoAn expected half-percentage point cut in US interest rates today saw the New Zealand dollar shoot up more than half a cent against the greenback. ...
    2008-01-30 12:12:42

  • Morning Report: Newspaper Round-Up - Radio New Zealand

    Morning Report: Newspaper Round-UpRadio New Zealand, New Zealand - 10 minutes agoOne of the country's leading trading banks has raised its standard credit card interest rate to almost 22%, effective from March. ...
    2008-01-30 12:12:47

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