Fed signals more measured approach to easing
Bay Street economists are now expecting the U.S. Federal Reserve Board to cut its key interest rate by a full 100 basis points tomorrow, as the U.S. central bank struggles to keep financial markets afloat.In a research note, BMO Capital Markets, says, “We are in the midst of the most pervasive financial crisis in a […]
Dealers may borrow from Fed on much the same terms as banks
Measures will not alleviate credit crunch or economic recession, says Merrill Lynch
“Unconventional” policy tools needed
Fed expands emergency lending program
FOMC expected to cut interest rates by 75 bps at March 18 meeting
Measures needed to address “heightened liquidity pressures”
A Federal Reserve report on the U.S. economy suggests a slowing in growth since the beginning of the year and upward price pressures.The Fed today released its beige book, a summary of economic activity prepared for use at the central bank’s Federal Open Market Committee meeting set for March 18.The report, collecting data from the […]