all about: rate cut
August 31, 2010
Johannesburg — THE rand's rally to a 2½ -month peak against the dollar has raised the odds of an interest rate cut at the Reserve Bank's policy
THE rand's rally to a 2½ -month peak against the dollar has raised the odds of an interest rate cut at the Reserve Bank's policy meeting next week,
Piedmont Natural Gas on Tuesday filed to reduce its billing rates to customers in the Carolinas.
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We wrote an essay on that rate cut at the time called "Greenspan Gambit" ... If the second surprise rate cut is simply to bolster mania-type psychology and ...
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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.
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