| | | FOMC Puts Risk on Downside Growth, Inflation Off Radar, Analysts Say | | | Wed, 29 Oct 2008 13:43:47 EST
Economists say the unanimous FOMC decision to cut the Federal funds target rate by 50 basis points came as no surprise. Many said the statement is particularly dovish and points to further rate cuts come December 16. The accompanying statement said economic activity had decreased markedly from a decline in consumer expenditure, and noted that inflationary pressures are expected to stabilize. Charmaine Buskas, senior economics strategist at TD Securities, said markets had...
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| Bloomberg 10/29/2008 11:23:45 AM 10% Decline in Housing Health, Plus $105 Billion Reduction in Spending; Consumer Spending Equals 70% of GDP, with 1% Reduction in Real GDP Growth |
| CNBC Videos 10/29/2008 11:50:57 AM Insight on whether companies accepting bailout money should be forced to cut bonuses for top executives, with Paul Kedrosky, Ten Asset Management and CNBC's Steve Liesman |
| CNBC Videos 10/29/2008 12:25:28 PM Sales of physical gold are hitting record levels as people seek safety in precious metals, reports CNBC's Jane Wells |
| CNBC Videos 10/29/2008 2:25:08 PM The financial crisis is sending shocks through the media industry, and CNBC's Julia Boorstin has the details. |
| CNBC Videos 10/29/2008 2:15:56 AM A preview of NOL's earnings and how the credit crisis has hit the shipping sector, with Johnson Leung, regional shipping analyst, JPMorgan speaking to CNBC's Amanda Drury and Adam Bakhtiar. |
| CNBC Videos 10/29/2008 9:07:06 AM Whether there is an urge to merge in the financial world, with CNBC's Charlie Gasparino |
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