1 Articles match "Increase","PNC","Properties"

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Fed's Latest Moves No Real Surprise
As for its decision on interest rates, in its official statement the FOMC justified its position, stating, “Strains in financial markets have increased significantly and labor markets have weakened further. However, with concerns of inflation mounting, Stuart Hoffman, chief economist at PNC Financial Services Group told Investor’s Business Daily Tuesday that rate cuts are back on the table, especially if economic growth continues to slow down in the fourth quarter of the year. Financial analysts who were hoping for some downward movement on interest rates yesterday by the Federal Reserve were disappointed as Ben Bernanke and his merry band unanimously voted to do nothing.
www.foreclosurepulse.com - Tuesday, December 16, 2008
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  • Fed's Latest Moves No Real Surprise
    As for its decision on interest rates, in its official statement the FOMC justified its position, stating, “Strains in financial markets have increased significantly and labor markets have weakened further. However, with concerns of inflation mounting, Stuart Hoffman, chief economist at PNC Financial Services Group told Investor’s Business Daily Tuesday that rate cuts are back on the table, especially if economic growth continues to slow down in the fourth quarter of the year. Financial analysts who were hoping for some downward movement on interest rates yesterday by the Federal Reserve were disappointed as Ben Bernanke and his merry band unanimously voted to do nothing.
    www.foreclosurepulse.com - Tuesday, December 16, 2008
    READ MORE