Federal Reserve

The Fed, in conjunction with other central banks, will begin selling for cash allegerire the market stress on banks as a result of the crisis of high-risk mortgages. The urgent action by the Fed decided to also involve the ECB, the Bank of England, the Swiss National Bank and Bank of Canada.La surprising maneuver [...]

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The Central Bank has cut the U.S. for another quarter-point, for the third consecutive time, the reference rates, bringing it to 4.25% ¬. The decision is taken to deal with a crisis of propabile neli U.S. recession as a result of the subprime mortgage crisis. The discount rate has been lowered [...]

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