Archive for March 18th, 2008

The U.S. dollar pared some of its losses against major currencies Tuesday after the Federal Reserve failed to provide the full percentage point cut that some investors were hoping for.

The U.S. dollar moved higher against several major currencies Tuesday after the Federal Reserve cut interest rates by three quarters of a percentage point - a less aggressive move than some investors were hoping for.

Maybe the financial system isn't on the verge of collapse after all.

Maybe the financial system isn't on the verge of collapse after all.

Stocks cut gains but remained positive Tuesday afternoon after the Federal Reserve cut the fed funds rate by three-quarters of a percentage point, disappointing some investors who were looking for a full percentage point cut.

The Federal Open Market Committee decided today to lower its target for the federal funds rate 75 basis points to 2-1/4 percent.

Quick, what's worse: a banking collapse or soaring food prices? If you're the Federal Reserve, that's no longer even a question. By tossing Bear Stearns a lifeline this weekend and then throwing much of the contents of its monetary toolbox into the market- including Tuesday's three-quarters-of-a-point cut - the Fed demonstrated its overriding priority: forestalling a growing financial and economic crisis in the U.S.

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Americans are worried about the economy, and inflation tops their list of concerns.

Americans are worried about the economy, and inflation tops their list of concerns.