Stocks Signal Higher Open as Oil Prices Rise-
Wall Street took comfort from a rise in oil prices and headed toward a higher open Monday, but investors remained cautious as Israel continued its attack on Gaza for a third day. The advance in oil was welcome for some investors who have worried that plunging prices signaled a long and severe recession.
Monday, December 29, 2008
Saturday, December 27, 2008
Federal Reserve Board Cut Key Rate to Zero to 0.25% Range
Federal Reserve Board Cut Rate to zero to .25%
December-16 Year 2008
Key rate cut to zero to 0.25% range
Federal Reserve chief Ben Bernanke and fellow central-bank policy makers vow to use "all available tools" to promote growth, including purchasing agency debt and securities in large quantities. Discount rate's slashed to 0.5%.
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