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See Articles since January 1, 2008
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The central bank, citing tough market conditions, cuts the symbolic rate half a percentage point.
Aug. 17, 2007 -
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- Source: CNN - Money
Fed Pumps Another $38B Into US Financial System Friday to Stem Credit Turmoil
Aug. 10, 2007 -
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- Source: Yahoo
Dow Sinks 387 on Renewed Credit Concerns
Aug. 9, 2007 -
- Source: Yahoo
Meltdown on Wall St.
- Fed rate hike fears pressure stocks
- Jan. 5, 1999 - The technology-heavy Nasdaq composite index plunged 229.46 points (5.6%) to $3,901.69 Tuesday. This was the biggest single-day drop in its history, and came just one day after a record high.
- The Dow Jones industrial averages has also dropped almost 500 points in two days.
- Analysts believe the cause is the fear that interest rates will be raised at least a quarter point in February.
- Source: CNN - Jill Bebar
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