Fed rate cut | Arkansas Blog

Tuesday, December 16, 2008

Fed rate cut

Posted By on Tue, Dec 16, 2008 at 1:45 PM

The cut, to a record low of 0 to 0.25 percent, is not exactly a vote of confidence in the economy.

A roundup of news headlines gives you the flavor.

UPDATE: The market chooses to be happy about it, for one day at least. The Dow up nearly 400 points at 3 p.m.

*FED CUTS TARGET FEDERAL FUNDS RATE TO RANGE OF 0% TO 0.25%

*FED TO `EMPLOY ALL AVAILABLE TOOLS' TO REVIVE ECONOMIC GROWTH

*FED SEES RATE AT `EXCEPTIONALLY LOW LEVELS' FOR `SOME TIME'

Fed Cuts Rate to Between Zero-0.25%, Ready to Use All Tools

*FED SAYS POLICY WILL SUSTAIN BALANCE SHEET AT `HIGH LEVEL'

*FOMC CONSIDERING PURCHASE OF LONG-TERM TREASURIES

*FED VOTE TO CUT FEDERAL FUNDS RATE IS UNANIMOUS

*FED TO CONSIDER OTHER WAYS OF USING BALANCE SHEET

*FED LOWERS DISCOUNT RATE TO 0.5 PERCENT

*FED SAYS FINANCIAL MARKETS REMAIN `QUITE STRAINED'

*FED TO PAY INTEREST ON BANK RESERVES AT 0.25%

*FED SAYS INFLATION PRESSURES HAVE `DIMINISHED APPRECIABLY'

*FED SAYS ECONOMIC OUTLOOK HAS `WEAKENED FURTHER'

*FED SAYS POLICY TO `SUPPORT FUNCTIONING OF FINANCIAL MARKETS'


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