The Fed Goes for Four
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Plus, Cisco's inventory bloat, Netflix sees green, and Natus delivers.
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The US Federal Reserve raised US interest rates tonight for a fourth time this year by a quarter percentage point. It cited brightening job prospects, indicating that more increases may lie ahead.
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Ben S. Bernanke said the Federal Reserve was âprepared to act as neededâ to prevent market woes from spreading while the Dow closed up nearly 250 points as investors went bargain-hunting.
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For the first time in more than four years, the Federal Reserve appears ready to lower interest rates to prevent a housing meltdown and a painful credit crunch from driving the economy into a recession.
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Business & money: Table-topping interest rate latest in series of offers from new entrants attempting to topple 'big four' banks.
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The Federal Reserve boosted a key short-term interest rate by one-quarter percentage point Wednesday, the fourth increase this year.
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Key economic data from the United States this week may seal the case for the first cut in the federal funds rate in more than four years, which would help ease investor concerns about a fallout from the subprime crisis.
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A fourth interest rate hike may be a foregone conclusion Wednesday but the Federal Reserve&#39;s next move in December is far from certain, and analysts say it&#39;s likely to remain that way for a while.
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The Federal Reserve is expected to nudge interest rates up today for a fourth time this year, acting on the belief that the economy has finally emerged from an extended &#39;&#39;soft patch.
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When it comes to keeping inflation in check, it&#39;s the non-volatile the Fed is concerned with. NEW YORK (CNN/Money) - Inflation is the focus today as the government reported its latest numbers and traders wonder
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Description: The Federal Reserve is raising interest rates for the fifth time since June. The quarter-point increase will put the federal funds rate at 2 1/4 percent.
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The Federal Reserve cuts US interest rates from 4.25% to 3.5%, to boost confidence after stock market slides.
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The European Central Bank keeps interest rates in the eurozone at their current level of 4%.
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The Federal Reserve cut the target on a key short-term interest rate by a half of a percentage point today to 4.75 percent, further acknowledgment from the central bank that the mortgage meltdown plaguing Wall Street and Main Street could have a negative impact on the economy.
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America&#39;s central bank, the Federal Reserve, last night raised interest rates for the fourth time in six months and warned US consumers and businesses to expect further increases in the cost of borrowing over the coming months.
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The Federal Reserve&#39;s new wave of interest-rate increases is spilling into consumers&#39; and investors&#39; lives in good and bad ways.
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With the U.S. economy picking up steam, the year's fourth straight interest-rate hike looked like a certainty at Wednesday's meeting of the Federal Reserve's Open Market Committee, economists said.