Federal Reserve slashes funds rate
January 22, 2008
Quicken Loans Chief Economist Bob Walters says today’s action should help loosen credit for consumers.
Fed cuts rates, mortgage rates at historic lows
January 22, 2008
In the biggest rate cut since 1984, The Federal Reserve slashed two key rates by 3/4 of a percent.
Bank of Canada lowers overnight rate target by 1/4 percentage point to 4 per cent
January 22, 2008
OTTAWA, Ontario, January 22, 2008 — The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 4 1/4 per cent.
In the second half of 2007, the Canadian economy grew broadly in line with the Bank’s expectations in …
Fed Slashes Interest Rates
January 22, 2008
In a nearly unprecedented move the Federal Reserve
early Tuesday cut the Federal discount rate by .75 of a point, the
largest single rate cut in 20 years…