The FOMC this afternoon cut the Federal Funds Rate and the Discount Rate by 25 basis points to 2.00% The following is the text of the FOMC announcement.
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Monthly Archives: April 2008
FOMC Meeting; Announcement in 60 Minutes
The FOMC met yesterday and this morning regarding the state of the economy. The markets are currently pricing in an 80% chance of a 25 basis point cut. So far, the markets are up about 100 points prior to the announcement in approximately 60 minutes. Personally, I hope the Fed decides to hold firm and [...]
April 28, 2008 Edition of the Festival of Stocks
It’s that time again! I’m happy to present the next edition of the Festival of Stocks! As always, if you’re interested in submitting, please follow the green dollar bills floating around Visa will (hopefully) leave us.
Charles H. Green presents 30 Minutes, 30 Cents, 30 Billion: Fragmenting Business posted at Trust Matters, saying, “Be careful [...]
“Transparency is the key to prosperity…”
That’s what Kudlow would say, sort of. Anyways, a quick update since I’ve been gone practically a week. If you’re currently in the college circuit, you’ll know that it’s that time again for finals. Even as a PhD student, finals week always seems to suck time and energy out of my life. Couple that with [...]
In Honor of Apple’s Earnings
Here’s a clip from their latest keynote speech. A quick reminder that Apple reports Wednesday after the bell.