Mortgage and Financial News From 2008-3-7 Page 16

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• Dollar Declines to Record Low Against Euro as U.S. Sheds Jobs

  Bloomberg - The U.S. currency touched an all-time low against the euro for the eighth trading day in nine as the report bolstered speculation the Federal Reserve will cut the benchmark interest rate as much as a full percentage point to 2 percent at a policy ...
  2008-03-07 06:31:00

• U.S. Stock-Index Futures Decline on Unexpected Loss of Jobs

  Bloomberg - Traders for the first time placed bets that the Fed will lower its benchmark interest rate by a full percentage point by its next meeting on March 18, futures trading shows.
  2008-03-07 06:31:00

• Forex - Euro surges to new peak after US data shows slump in jobs ...

  Forbes - But this will still do little to ease fears over the outlook for the US economy, with the prospect of recession and more aggressive interest rate cuts by the Federal Reserve looming on the horizon.
  2008-03-07 06:17:00

• China set for 30 years more years of fast growth - World Bank's Lin

  Forbes - Lin argued that interest rate hikes were a better tool than reserve ratio rises for China. 'I am personally in favor of using interest rate policies (more often),' said Lin.
  2008-03-07 04:15:00

• UPDATE 3-Canada's big Feb jobs growth stuns market

  Forbes - The Bank of Canada chose to ignore the red-hot labor market when it slashed its key interest rate on Tuesday by a half-point to 3.5 percent, arguing that the specter of a protracted U.S. slowdown outweighed any inflationary risk from strong domestic ...
  2008-03-07 06:39:00

• Soaring services puts interest rate cut in doubt

  Times Online - Prices in the British service sector rose to a record high in February, reducing the likelihood a further cut to the UK interest rate when the Bank of England announces its decision tomorrow. Activity in the services sector, which records data ...
  2008-03-05 09:04:00

• U.K. Gilts Head for Biggest Gain in a Decade on Credit Losses

  Bloomberg - The yield difference between two- and 10-year U.K. notes widened to the most in four years as traders added to bets the Bank of England will cut its main interest rate to shore up the economy, after yesterday leaving it on hold.
  2008-03-07 06:31:00

• Don't expect a rapid US rate cut: Fed official

  Economic Times - PARIS: A senior US Federal Reserve official issued a warning here on Friday against expectations the central bank might soon approve another cut in US interest rates aimed at shoring up stock market sentiment. "The Fed is taking a very pro-active ...
  2008-03-07 05:56:00

• Bank of Korea sets new benchmark rate at 5 percent

  PR Inside - SEOUL, South Korea (AP) - The Bank of Korea set its new benchmark interest rate at 5 percent Friday amid data showing that risks from rising inflation have begun to outweigh those from a slowing economy. The central bank said in a statement that it ...
  2008-03-07 05:13:00

• Fisher Says Credit Markets May Not Force Fed to Act (Update2)

  Bloomberg - Fisher also damped speculation that the Fed is set to reduce its benchmark interest rate before policy makers' next scheduled session on March 18.
  2008-03-07 05:13:00

• Rate hikes, not bond buying, seen key for Hungary

  Guardian Unlimited - What the market is awaiting is an interest rate increase," said Szentivanyi, who expected 50 basis point hike in March.
  2008-03-07 06:17:00

• Job losses: Worst in 5 years

  CNN Money - The labor market has weakened significantly in recent months, fueling fears of recession and a series of interest rate cuts from the Federal Reserve.
  2008-03-07 06:31:00

• Dollar falls to new low against euro

  MSN MoneyCentral - FRANKFURT, Germany (AP) - The dollar sank to another record low Friday against the euro which topped $1.54 for the first time, a day after the European Central Bank held its benchmark interest rate steady and signaled no rush to change it. The euro ...
  2008-03-07 04:30:00

• Left out in cold for rate-freeze

  Chicago Tribune - WASHINGTON - It may be the only test you flunk if you score too high: It's called the "FICO Test," and it is a key element of the sometimes arcane new guidelines governing which homeowners qualify for "fast-track" interest-rate freezes on their ...
  2008-03-07 04:30:00

• U.S. Treasuries Gain as Traders Increase Bets for Fed Rate Cuts

  Bloomberg - March 7 (Bloomberg) -- Treasuries rose, pushing two-year yields to the lowest in 4 1/2 years, on speculation rising unemployment and widening credit-market losses will prompt the Federal Reserve to cut interest rates by as much as 100 basis points ...
  2008-03-07 05:13:00

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