Jan 22
In the biggest rate cut since 1984, The Federal Reserve slashed two key rates by 3/4 of a percent.
Jan 22
Quicken Loans Chief Economist Bob Walters says today’s action should help loosen credit for consumers.
Jan 22
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 …
Jan 22
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…