1 Articles match "New York","News","PNC"

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Fed's Latest Moves No Real Surprise
rdquo; The New York Times commented today that the decision to keep the key rate where it is clearly demonstrates the Fed’s limited ability to solve a problem involving the nation’s housing and mortgage markets. 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
    rdquo; The New York Times commented today that the decision to keep the key rate where it is clearly demonstrates the Fed’s limited ability to solve a problem involving the nation’s housing and mortgage markets. 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