Bernanke sends clear message: […]

More cuts: And the Fed is still widely expected to aggressively cut rates again at its Jan. 30 meeting. According to futures listed on the Chicago Board of Trade, investors are pricing in an 66 percent chance that the Fed cut another half-point.
“This was a big step but there is still more to go,” said […]

Twice the Fed had cut rates this year and officials suggested in October that might be enough for the year to help the economy survive all that stress. Then the problems snowballed, leading Fed Chairman Ben Bernanke to sign that one more cut might be needed.
Analysts expect the Fed to trim its key rate, now […]

Wall Street barreled higher Wednesday for the second day in a row, giving the Dow Jones industrial average its biggest two-day point gain in five years after a Federal Reserve official hinted that the central bank may lower interest rates again.
The possibility for lower rates seemed more compelling to investors than persistent concerns about a […]

A federal reserve official cautioned today that a future rate cut may have limited effect on the economy. In a statement at the International Institute of Finance, he stated “The current stance of monetary policy should help the economy get through the rough patch during the next year.”
He also acknowledged that the last rate cut […]