Article Image

IPFS News Link • Federal Reserve

U.S. Stocks Gain After Federal Reserve Cuts Rate Half Point

General Motors Corp., Alcoa Inc. and Caterpillar Inc. led gains in the Dow Jones Industrial Average after the Fed lowered the benchmark rate to 1 percent from 1.5 percent, matching a half-century low and in-line with the median forecast of economists

3 Comments in Response to

Comment by Brock
Entered on:

They should have lowered the entitlement checks to government economists.

Comment by Ernest Hancock
Entered on:

The Dow dropped 356.99 in the last 12 minutes of trading to close down from the opening 74.16

Comment by Fascist Nation
Entered on:

Well half down, one to go. Then what? What can you cut when your rate hits zero? It hasn't worked too well for those nations that have done it, but it sure robs their citizen's saving right quick.