Why the Fed´s not done cutting rates
The market is eager to see Ben Bernanke heading for the sidelines. But with the U.S. economy softening, he may not stay there for long.
Stocks rally on GM, P&G
>
Better-than-expected quarterly results from GM and Procter & Gamble and anticipation about the ongoing Fed meeting were among the factors boosting stocks Wednesday morning.
Have CD (Certificate of Deposit) Rates Bottomed?
Bernanke and the rest of the Federal Reserve are expected to lower interest rates by 25 basis points (0.25%) this Wednesday to 2.00%.
Most experts speculate that after this Wednesday’s cut, Bernanke will keep rates unchanged for the next few months.
This is a tough situation for those looking to open a certificate of deposit account. […]
(more…)
FXCM Introduces ETF Alternative
Forex Capital Markets (FXCM) recently unveiled a product that represents a viable alternative to currency exchange trade funds. A currency ETF is “index-passive” because it is linked to an index and rises and falls in line with the value of… (more…)