Lehman, Banking Crisis in Spotlight
September 14th, 2008
On deck this week we have an FOMC meeting, and several economic reports of importance. However, due to the turbulence in the banking sector, with the fate of Lehman Brothers looking like bankruptcy, Merrill Lynch in takeover talks likely with Bank of America, and the dollar dropping in FOREX markets internationally Sunday, Monday and the rest of the week will likely be overshadowed by the drama being played out in the world economy and financial markets. The Fed will likely hold its line and leave interest rates unchanged.
Sphere: Related ContentFed Meeting Ends With Rates Unchanged
August 5th, 2008
The FOMC meeting concluded today with a statement that there would be no change to short term interest rates, citing mounting inflation concerns, despite a slowing economy. This was widely anticipated by the markets and as a result there will be no change today’s mortgage rates.
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