all about: rate cut

Cutting Pennsylvania's sales tax rate will boost retail sales and help close future state budget gaps, Governor Edward G. Rendell today told a group
Scranton and other communities play a role in reviving our economy," Governor Rendell said.

The Federal Reserve, working in coordination with other central banks worldwide, enacted an emergency interest rate cut on Wednesday.
The Federal Reserve's bold three-quarter-point rate cut on Tuesday could help consumers carrying debt.
The Federal Reserve's biggest interest rate cut in 18 years Tuesday likely will lower ... The Federal Reserve's biggest interest rate cut in 18 years Tuesday likely will lower ...

Fed cuts the rates

Wall Street jumps after rate cut. The Federal Reserve lowered interest rates as expected to 4.50 percent. The Dow rose after the decision, as well as the Standard & Poor’s 500 index and the Nasdaq composite index. The dollar moved to a new all-time low after the Federal Reserve cut, the euro bought $1.4477, up from $1.4434. If we still would have the German Mark (DM), we could see an all-time high of this old currency. A lower dollar drives the demand for U.S. goods, but there is also an inflationary risk. It is pushing up the price of oil.