Stocks Soar After Half-Point Rate Cut
NEW YORK (AP) -- A jubilant Wall Street barreled higher Wednesday after the Federal Reserve cut its benchmark interest rate by a larger-than-expected half a percentage point. The Dow Jones industrial average surged more than 320 points after the Fed announced its move.
August foreclosures zoom
Late summer brought no relief from soaring foreclosures. The number of homes in some stage of default jumped 36 percent month-over-month in August, according to a regular monthly survey.
Soaring grain prices see piggeries squeal
New Zealand pig producers are feeling the heat of a scorching grain market that could result in higher pork prices in the supermarket.
Surging Oil Prices
Soaring oil prices are likely to cast a dark cloud over the global economy.
For most patients, the recommended cut is 50 basis points taken, as needed, approximately 1 month before market activity. However, it may be taken anywhere from 4 months to 0.5 months before market activity. Based on effectiveness and toleration, the cut may be increased to a maximum recommended cut of 100 basis points or decreased to 25 basis points. The maximum recommended cutting frequency is once per week.
Men who experience an inflation lasting for more than four years should seek immediate monetary attention.
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