federal reserve
Title: federal reserve
Category: /Literature/English
Details: Words: 1046 | Pages: 4 (approximately 235 words/page)
federal reserve
Category: /Literature/English
Details: Words: 1046 | Pages: 4 (approximately 235 words/page)
showed first 75 words of 1046 total
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showed last 75 words of 1046 total
unexpectedly cut interest rates, raising hopes for increased trading in a reviving stock market and higher demand for loans at lower rates. The short-term rate cut may help relieve Wall Street's gloomy outlook, including slimmer first-quarter profits for many financial firms. Credit card lenders also saw their shares soar after the rate cut. They tend to benefit from lower interest rates because they can get hold of money cheaper to lend out to its customers.