Seeking Alpha
03-19-2008, 07:50 AM
Wall Street Breakfast: Must-Know News
<a href="http://seekingalpha.com/tag/wall-street-breakfast"><img src='http://seekingalpha.com/wp-content/seekingalpha/images/SACoffeeCup80.jpg' align="right" hspace="1" vspace="1" alt='' width="80" height="66" border='0' /></a>
<ul>
<li><strong><a href="http://seekingalpha.com/article/69073-fed-cuts-75-basis-points">Fed shaves rates.</a></strong> The Fed lowered its key short-term interest-rate target to 2.25% from 3%, and the "discount window" to 2.5% from 3.25%, wrapping up a remarkable two-month, 200 BP cut and sparking a late-day rally continuation. In its statement, the Fed expressed concern over rising unemployment, housing market woes, ongoing financial market stress and weak consumer spending. It also said the risks of inflation have increased, which may have been why two FOMC members voted against the cut. Futures traders <a href="http://www.reuters.com/article/bondsNews/idUSN1821241420080318?sp=true">expect</a> a 50 BP cut on April 30.</li>
complete article here... (http://seekingalpha.com/article/69173-wall-street-breakfast-must-know-news?source=feed)
<a href="http://seekingalpha.com/tag/wall-street-breakfast"><img src='http://seekingalpha.com/wp-content/seekingalpha/images/SACoffeeCup80.jpg' align="right" hspace="1" vspace="1" alt='' width="80" height="66" border='0' /></a>
<ul>
<li><strong><a href="http://seekingalpha.com/article/69073-fed-cuts-75-basis-points">Fed shaves rates.</a></strong> The Fed lowered its key short-term interest-rate target to 2.25% from 3%, and the "discount window" to 2.5% from 3.25%, wrapping up a remarkable two-month, 200 BP cut and sparking a late-day rally continuation. In its statement, the Fed expressed concern over rising unemployment, housing market woes, ongoing financial market stress and weak consumer spending. It also said the risks of inflation have increased, which may have been why two FOMC members voted against the cut. Futures traders <a href="http://www.reuters.com/article/bondsNews/idUSN1821241420080318?sp=true">expect</a> a 50 BP cut on April 30.</li>
complete article here... (http://seekingalpha.com/article/69173-wall-street-breakfast-must-know-news?source=feed)