The latest news on interest rates
Goldman Sachs says the impact won’t be felt until this summer.
Falling interest rates and a tough consumer may push the economy back into high gear.
The Washington Whispers story reporting Fed chief Ben Bernanke's private worries that the economy is in even worse shape than he has admitted publicly landed with a thud in the markets today. About 10:30 a.m., with the Dow Jones industrial average down just 50 points, CNBC picked up the story, showing it twice on the TV screen from the floors of the exchange and Chicago Board of Trade. Within an hour, the Dow had dropped an additional 150 points.
The central bank's dramatic move, signaling increased recession fears, is its largest cut since 1984.
Mortgage holders could get some relief, but savers will earn less interest.
A sampling of commentary on the Fed's move to cut interest rates.
The central bank's move, signaling increased fears of recession, is its largest cut since 1984.
Find a way out of financial stress by reducing interest payments.
Less growth, credit problems, and a weak dollar will continue.
If the aim is to avert recession, Bush's mortgage plan won't work, an economist says.