Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Business News

Federal Reserve orders emergency half-percentage-point rate cut

Oct. 9, 2008
The Fed lowers its benchmark federal funds rate to 1.5%. Other central banks also cut rates. Emergency interest rate cuts Wednesday by the Federal Reserve and five other central banks left in doubt whether government efforts to cure the financial crisis would show results fast enough to avert...
Related Stories from UPI.com

Two European banks cut interest rates

LONDON, Dec. 4 (UPI) -- Central banks in Britain and Sweden cut their key interest rates to 2 percent Thursday to provide liquidity to financial markets.

Mortgage rates drop again

WASHINGTON, Dec. 4 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell dramatically during the week, the Federal Home Loan Mortgage Corp. said Thursday.

Europe expects rate cuts, more bad news

LONDON, Dec. 3 (UPI) -- European financial markets were braced for large interest rate cuts across the continent in the wake of more bad economic news.
Bernanke says rate cuts are 'feasible'

Bernanke says rate cuts are 'feasible'

AUSTIN, Texas, Dec. 1 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke said Monday that further reductions in the current lending rate are possible.
U.S. mortgage rates mixed in week

U.S. mortgage rates mixed in week

WASHINGTON, Nov. 26 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell for the fourth straight week, the Federal Home Loan Mortgage Corp. said Wednesday.

U.S. mortgage rates fall for second week

WASHINGTON, Nov. 13 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages declined slightly in the last week, the Federal Home Loan Mortgage Corp. said Thursday.

ECB rate cut falls short, France says

PARIS, Nov. 7 (UPI) -- French Finance Minister Christine Lagarde said the European Central Bank's lending rate cut this week wasn't good enough.

Banks in Britain fail to lower rates

LONDON, Oct. 31 (UPI) -- Half of Britain's banks failed to lower interest rates on adjustable rate mortgages after the Bank of England cut its rate Oct. 8, a research group said.

China central bank cuts lending rate

BEIJING, Oct. 29 (UPI) -- China's central bank trimmed lending and deposit rates 0.27 percentage points Wednesday in an effort to put vitality into the country's slowing economy.

Central bank in Norway drops lending rate

OSLO, Norway, Oct. 29 (UPI) -- Norway's central bank, Norges Bank, knocked a half point off its key lending rate Wednesday, dropping the rate down to 4.75 percent.
U.S. markets' surge collapses

U.S. markets' surge collapses

NEW YORK, Oct. 29 (UPI) -- U.S. markets closed mixed Wednesday after a surge provided by a U.S. Federal Reserve interest rate cut collapsed in the final hour or trading.

Fed lowers lending rates to 1 percent

WASHINGTON, Oct. 29 (UPI) -- The U.S. Federal Reserve cut its target rate for federal funds to 1 percent Wednesday, jumping past the possibility of a less dramatic reduction.

Central banks poised to cut rates

WASHINGTON, Oct. 28 (UPI) -- Authorities at central banks in Europe and the United States have indicated that lending rate cuts to support the battered global economy may be coming soon.
Economists expect Fed rate cut

Economists expect Fed rate cut

WASHINGTON, Oct. 27 (UPI) -- A majority of economists surveyed last week indicated they expect the U.S. Federal Reserve to cut lending rates at this week's policy meeting.

Mortgage rates drop slightly in week

WASHINGTON, Oct. 23 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages eased slightly in the week ending Oct. 23, the Federal Home Loan Mortgage Corp. said Thursday.
1 of 25
President Obama awards the Presidential Medal of Freedom in Washington
View Caption
President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch