Credit worries ease as Fed cuts, hints at more relief: stocks jump 3.5% in rally reflecting cautious optimism

Article Abstract:

In a move meant to reactivate a lagging capital market, the U.S. Federal Reserve Board cut interest rates three quarters of a point to 2.25%. Despite expectations of greater government incentives, the Dow Jones Industrial Average rose 3.5% to close at 420.41 points.

Legal issues & crime, Government expenditures, Forecasts, trends, outlooks, Government regulation, Interest Rates, Legal/Government Regulation, Forecasts and trends, United States. Federal Reserve Board, Capital market, Capital markets, Market trend/market analysis, Stock price indexes

---

Enron spotlights a gap in laws

Article Abstract:

Enron's collapse reveals that the company lobbied congress to loosen the restrictions on the use of derivatives. The company had based much of its future expansion on the financial instruments.

Electric services, Electric Power Trans & Distr, Electric Power Transmission, Control, and Distribution, Electric utilities, Political activity, Derivatives (Financial instruments), Electric power supply, Enron Corp., ENE

---

Fed expected to cut rates even as sentiment improves

Article Abstract:

The United States Federal Reserve is expected to cut interest rates again despite a generally positive attitude toward the economy.

National Government, Public Administration

Similar abstracts:

• Abstracts: Credit Agricole is expected to approve listing. Credit Agricole listing plan is approved. Credit Agricole plans share listing on Paris exchange
• Abstracts: City warns of conflict of interest in listings review. British 'failures' go down Europan
• Abstracts: CABE chief Rouse resigns to take up Housing Corporation challenge. Edinburgh group challenges post-fire regeneration plans
• Abstracts: A Zeppelin history lesson proves Airbus fuss is nothing but hot air. One over the eight: reflections on the ghosts of Christmas past
• Abstracts: Civil litigation, no footnotes and the outcome is anyone's guess. A courtroom is no place for an expert witness to grind his axe

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.