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Fed keeps lid on short-term rates Website Traffic VisitorID
14 hours ago ago from Website Traffic – VisitorID
Fed keeps lid on short-term rates The Federal Reserve will keep its target rate for the federal funds overnight rate at zero to 0.25 percent, and continues to expect that economic conditions are likely to warrant exceptionally low levels of Read More Name ( * ) Mail (will not be published) ( * ) Website
Related contentRating Action on Prudential Analyst Blog
19 hours ago ago from Stock Market News & stocks to watch from StraightStocks
Earlier during the week, Fitch Rating affirmed the long-term issuer default and the senior debt ratings on Prudential Financial Inc. ( PRU ) and improved its outlook to from . The rating action follows the announcement made earlier during the month by Wells Fargo & Co. ( WFC ) to purchase the 38% stake of Prudential in its retail brokerage joint venture (JV), Wells Fargo Advisors, for a cash payment of $4.5 billion. The deal is likely to ...
Related contentReports Show More Signs of Sustained Recovery but CD Rates Remain Down
1 hour, 13 minutes ago ago from My Bank Tracker Bank News
The holiday season is in full swing and with it comes yet another reason for consumers to celebrate: data that confirm that the economy is indeed set for a sustained recovery come 2010. Less Jobless Claims For one, initial jobless claims fell to 452,000 for the week ended December 19, 2009, down 28,000 from the previous week's levels. This is the lowest that claims for jobless benefits have gone since September 6, 2008, just weeks ...
Related contentWells Fargo Refinance Mortgage Rates -15 Year Fixed Rate Low in 2010
2 hours ago ago from Subprime Blogger
Wells Fargo refinance mortgage rates are very attractive at the present time. The 15 year fixed rate mortgage has been around 4.25% for much of the final quarter of this year. There is a very good chance that the 15 year fixed rate will remain low in 2010 as the Federal Reserve Bank plans to continue to buy mortgage-backed securities until at least the end of March.
Related contentHome resales skyrocket in South – WOAI
23 hours ago ago from Mortgage News and Mortgage Rates
the South skyrocketed last month as first-time buyers hurried to grab an expiring federal tax credit while exploiting low prices and mortgage rates. The National Association of Realtors dizzied by the financial market meltdown. View original story
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Russia Cuts Interest Rates for 10th Time This Year
5 hours ago ago from The New York Times
MOSCOW Russia's central bank Friday unveiled its 10th interest rate cut of the year, with economists expecting more gradual trims in the coming months as policymakers try to stimulate the country's blighted economy. The central bank said it is reducing its benchmark refinancing rate to 8.75 percent effective from Monday, from 9 percent. The minimum one-day repo rate will be cut to 6 percent from 6.25 percent. The decision to cut rates is ...
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