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Wednesday November 25, 2009
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Interest Rate Cut News is an EIN News Service for finance industry professionals. Constantly updated news and information about finance.
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  • Fed Officials Cut Forecasts for Unemployment Rate 25 Nov 2009 01:15 GMT
    ... Nov. 24 (Bloomberg) -- Federal Reserve officials trimmed their forecasts earlier this month for the ... on Nov. 4 said they would keep interest rates “exceptionally low” for an “extended period.” ...

  • Give us fiscal austerity, but not yet 25 Nov 2009 02:15 GMT
    ... trend rate of growth equals the real interest rate (a not unreasonable assumption). Then the requirement for ... while deficits in peacetime do not. Second, cutting deficits at the end of wars is ... the fiscal rope is not infinitely long, slashing deficits now would be wrong. It is ...

  • Safe-haven dollar mixed on reports, Fed minutes 25 Nov 2009 00:13 GMT
    ... weak U.S. economic data and from traders' cutting back on risky bets as 2009 winds ... interest-rate meeting earlier this month said record-low interest rates could fuel a speculative bubble that would ... Nov. 3-4 meeting, it said the key interest rate would likely stay at "exceptionally low levels" ...

  • Twitter experiment: 773 days October 24, 2009 25 Nov 2009 01:14 GMT
    ... rarely cooked at home. I'm trying to cut back on costs even further by spending ... companies screw over consumers by charging horrid interest rates on remaining balances, by charging nasty fees ... co. has the right to change your interest rate at any time- meaning your 9.99% could ...

  • EU farce that leaves savers in the dark over plunging rates 25 Nov 2009 01:13 GMT
    ... 'The new rules are not entirely clear cut. How an account is defined depends on ... you of any 'material' change to your interest rate in these accounts within a 'reasonable period'. ... and the size of the change in interest rates. The 'reasonable period' should give you advance ...

  • Aware of policy risks, Fed sees firmer U.S. growth 25 Nov 2009 01:51 GMT
    ... Aware of policy risks, Fed sees firmer U.S. growth By ... also expressed concern their plans to keep interest rates low for a prolonged period could have ... U.S. stocks to pare losses. The Fed cut benchmark interest rates to near zero percent ...

  • Better service at my stores, Lew says 25 Nov 2009 01:03 GMT
    ... had been affected by competitors who were slashing prices to grow sales - a strategy ... for the Australian economy, but believed further interest rate rises could pose a risk to ...

  • Can A Caesar Pull America Out Of Bankruptcy? 25 Nov 2009 01:16 GMT
    ... Can A Caesar Pull America Out Of Bankruptcy? By DR. MARK ... reckoning approaches. If foreigners should decide to cut their losses and balk at financing any ... financing any more of our debt, either interest rates will soar, collapsing the economy, or the ...

  • Reports on GDP and consumers signal modest rebound 25 Nov 2009 00:16 GMT
    ... WASHINGTON (AP) - The economy is growing modestly, with ... a drag on the economy. Businesses also trimmed more of their stockpiles, further restraining growth. ... powered by a weak dollar and low interest rates. Lower rates let companies and investors ...

  • U.S. economy growing but consumers still tight fisted 25 Nov 2009 01:13 GMT
    ... U.S. economy growing but consumers still tight fisted Shopper Nicole ... a drag on the economy. Businesses also trimmed more of their stockpiles, further restraining growth. ... powered by a weak dollar and low interest rates. Lower rates let companies and investors ...

  • US dollar holds steady against euro after US economic data 25 Nov 2009 00:42 GMT
    ... still marked the first expansion after four consecutive quarters as the economy emerges from recession. ... Russia's central bank meanwhile cut its main interest rate to a record low 9.0 percent to check ...

  • Budget squeeze Budgeting not borrowing key to stability 25 Nov 2009 02:11 GMT
    ... By Fall in national wages Private sector income cuts Income levies Public sector levies Pension contributions ... Property taxes water rates Carbon taxes Rising interest rates VAT Mortgage interest relief FOR the first ...

  • Economic growth to continue - RBA 25 Nov 2009 00:42 GMT
    ... A rebound in economic activity in Asia is positive for Australia, ... was not because housing investment had been cut back. 'In fact, the opposite is true:,' ... the major banks. 'Two years ago, the interest rates charged by the major banks on new ...

  • Housing crisis the cost of affluence 25 Nov 2009 01:52 GMT
    ... Mr Battellino said while this will be generally positive ... was not because housing investment had been cut back. "In fact, the opposite is true:,'' ... the same period. This had allowed nominal interest rates to "cycle around'' a lower average level ...

  • RBA chief sees growth lasting for years 25 Nov 2009 02:15 GMT
    ... RBA chief sees growth lasting for years A rebound in ... was not because housing investment had been cut back. 'In fact, the opposite is true:,' ... the major banks. 'Two years ago, the interest rates charged by the major banks on new ...


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