IWETHEY v. 0.3.0 | TODO
1,095 registered users | 1 active user | 1 LpH | Statistics
Login | Create New User

Welcome to IWETHEY!

New Feds make large rate cut
The Federal Reserve cut the target on a key short-term interest rate by a half of a percentage point Tuesday to 4.75%, further acknowledgment from the central bank that the mortgage meltdown plaguing Wall Street and Main Street could have a negative impact on the economy.

Stocks surged following the announcement, with the Dow gaining nearly 250 points, or 1.8 percent. The S&P 500 and Nasdaq both shot up more than 2 percent. Bonds fell, sending the yield on the benchmark 10-year U.S. Treasury up to 4.5 percent.

Most people where planning for a .25% or 0% change, a .5% cut is a big move for this rate. Stocks shot up on the news, while the dollar dropped.

New Any day with +335 (2.5%) Dow and +70 NASDAQ (2.7%) Is a...
good day on the stock market!

Nobody has a more sacred obligation to obey the law than those who make the law. -- Sophocles (496? - 406 BCE)
     Feds make large rate cut - (JayMehaffey) - (1)
         Any day with +335 (2.5%) Dow and +70 NASDAQ (2.7%) Is a... - (a6l6e6x)

Cococabanana Blaps - It's not just for breakfast anymore!
141 ms