The Federal Reserve sliced interest rates by a half-percentage point Wednesday, another significant cut that follows on the heels of the emergency three-quarter percentage point reduction just eight days ago on Jan. 22. The federal fund rate, an overnight bank lending rate that affects how much interest consumers pay on credit cards, home equity lines […]

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As most analyst expected last week, the Fed lowered interest rates by 25 basis points. Ironically, the expected seemed unexpected to Wall Street as the market reaction soured with disappointment – there was no early Christmas present of a larger cut. Stocks closed lower Friday with renewed inflation worries and the fear it’ll prevent the […]

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Bullion movement was overall uneventful most of the week. More attention was paid to employment and housing reports. Analyst were closely monitoring the data and whispers of the Fed, trying to judge potential interest rate adjustments. Given the latest data, many analysts expect a quarter-point cut next week. For news on these fronts, watch the […]