finance.yahoo.com - 12/16/2008
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WASHINGTON (AP) -- The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. The central bank on Tuesday said it had reduced the federal funds rate, the ...
Hale "Bonddad" Stewart Is Scared
delong.typepad.com 12/16/2008 — The Federal Reserve reacts to the fact that the economy train has arrived in Depression City.
Stewart writes:
Hale "Bonddad" Stewart: The Fed's Kitchen Sink Interest Rate Policy : The Fed announced their policy of establishing "a target ...
Fed Funds Rate Target from ZERO to 0.25%
calculatedriskblog.com 12/16/2008 — This is quite a statement ... Fed will hold rates low for an extended period. Fed Statement : The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent. Since the Committee's last ...
Japanic Sets In
dealbreaker.com 12/17/2008 — The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent.
Considering that the latest ARM resets and Alt-A issues haven't even begun to rise to the surface, I think we can ...
The ACTUAL Fed Funds Rate is Already ZERO
mjperry.blogspot.com 12/16/2008 — WASHINGTON POST -- The Federal Reserve is widely expected this afternoon to cut interest rates for the 10 th time in just over a year, driving the rate it controls close to zero as it continues the most sweeping effort to stabilize the economy in ...
STARING AT THE FLOOR
capitalspectator.com 12/16/2008 — This is what the end of the line looks like.
The Federal Reserve announced this afternoon that it was "establishing a target range for the federal funds rate of 0 to 1/4 percent." This is a bit like a fish issuing a press release that it will ...
ZIRP it is —
The Skeptical Speculator
The fed funds rate is officially zero now. Bloomberg reports : The Federal Reserve cut the main U.S. interest rate to as low as zero for the first time and shifted its focus to the amount and type of debt it buys, seeking to revive credit and end the longest slump in a quarter- century. The Fed ...
Bernanke & Co. is Locked and Loaded —
Kudlow's Money Politic$
In a monetary version of shock-and-awe, the Federal Reserve unleashed a massive easing move with its FOMC policy announcement Tuesday -- one that represents a sea change in central-bank operations. For starters, Bernanke & Co. established a new target range for the federal funds rate of ...
Observations and Sentiment for Tuesday —
InvivoAnalytics.com
Bernanke dropped the F-bomb out of the helicopter today:
The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent. . . .
In a related action, the Board of Governors unanimously approved a 75-basis-point decrease in the discount ...
Fed Policies —
EclectEcon
Following up on my post earlier today, why would a commercial bank lend in the federal funds market at 0.25% when they can get 1% on their reserves at the Fed? Will paying 1% on reserves deposited at the Fed have the effect of setting an interest-rate floor on lendable funds? And, if so, won't ...
Recognizing reality —
SCSUScholars
As Mark Perry noted this morning, the Fed Funds rate has been effectively zero for some time. This afternoon, this was made official . The central bank on Tuesday said it had reduced the federal funds rate, the interest that banks charge each other, to a range of zero to 0.25 percent. That is ...
Fed Announces 0% - .25% Target Range —
Economist's View
The Fed announced it will move the target federal funds rate into the zero to .25% range, an that it
plans to keep it there for some time.
Here's the Fed's statement:
Press Release : The Federal Open Market Committee decided today to establish
a target range for the federal funds ...
Meaning Monetary Missive —
Across the Curve
The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent.Since the Committee’s last meeting, labor market conditions have deteriorated, and the available data indicate that consumer spending, business investment, and ...
Redacted FOMC Statement —
The Aleph Blog
The Federal Open Market Committee decided today to lower its establish a target range for the federal funds rate 50 basis points of 0 to 1 /4 percent.
The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures. Business ...
Fed: Target RANGE 0 TO 25 bp —
Alea
The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent.
Since the Committee’s last meeting, labor market conditions have deteriorated, and the available data indicate that consumer spending, business investment, and ...
Watch the banks, not the Fed —
BloggingStocks
This post was written by anonymous Minyanville contributor Peter.
With the Effective Fed Funds Rate running anywhere from 10-15 bps of late, what the Fed does with the Target Rate is completely meaningless in my book. What will be far more important today is how the major banks react with ...
Fed To Cut Rates Today, But Does Anyone Really Care? —
Daily Markets
With the economy in a tailspin, the U.S. Federal Reserve policymakers will today (Tuesday) almost certainly cut the benchmark Federal Funds rate from its current 1.0% to 0.5%.
So the question no longer seems to be whether the Fed will ease, but whether the move will make any difference.
The ...
Watch the banks, not the Fed —
BloggingStocks
This post was written by anonymous Minyanville contributor Peter.
With the Effective Fed Funds Rate running anywhere from 10-15 bps of late, what the Fed does with the Target Rate is completely meaningless in my book. What will be far more important today is how the major banks react with ...
Two Ways To Play: Ahead of the Fed —
Minyanville
FOMC Day It’s a historic day on Wall Street as the Federal Open Market Committee meets and announces its rate decision. The Federal Reserve is widely expected to cut its benchmark interest rate to the lowest level in its 94 year history.In data provided by Bloomberg this morning Fed funds ...
Which ETFs Could Benefit From A Rate Cut? —
Daily Markets
Another rate cut is looming in the near future, as the Federal Reserve kicks off a two-day meeting today to discuss lowering the prime rate to 0.5%, giving gold exchange traded funds (ETFs) a gleaming opportunity.
Any gains the U.S. dollar made may get shadowed by the drive by investors to go ...
Five Things You Need to Know: Fed to Cut Rates —
Minyanville
Kevin Depew's Five Things You Need to Know to stay ahead of the pack on Wall Street: 1. Fed Week Tomorrow December 16 the Federal Reserve Open Market Committee will meet and probably announce an additional 50 basis points reduction in the Federal Funds Target Rate which is the Federal Reserve's ...
Which ETFs Could Benefit from a Rate Cut? —
ETF Trends
Another rate cut is looming in the near future, as the Federal Reserve kicks off a two-day meeting today to discuss lowering the prime rate to 0.5%, giving gold exchange traded funds (ETFs) a gleaming opportunity.
Any gains the U.S. dollar made may get shadowed by the drive by investors to go to...
Fed rates heading toward zero —
Finance Trends Matter
It looks like a Japan-style trip to zero interest rates is in the cards for the US. We've been watching this scenario unfold for months now, and it looks like ZIRP is finally here. MarketWatch has more on the upcoming Fed rate cuts : "The Federal Reserve is likely to cut the federal funds ...
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