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Washington, Stocks Timeline Saturday, October 11     Author
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US plan sparks Asia shares rally
World News World Stocks (98) Washington (246) Business (111) Stocks
2007 (1) 2004 (2) 2003 (1) 2002 (4) 2001 (6) 2000 (2)
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Wall Street flat as Fed unveils new plan
Oct. 7
  New York: The Federal Reserve announced plans earlier to buy-up short-term debt, a.k.a. commercial paper, directly from companies

Jan.24
   Hong Kong: Asian stocks have risen sharply, with investors cheered by a White House plan to spend $150bn to revive the flagging US economy
Jan.23 US rescue plan sparks Asian rally   Shares have risen by more than 2% in early trading in Japan, boosted by a rally on Wall Street Jan.22 Fed slashes rates in shock move
  The US Federal Reserve has cut interest rates to 3.5%, a shock 0.75% point reduction
 The Fed said latest figures indicated a deepening of the country's housing market slump and increased unemployment levels


year 2007 Top ^

Aug.17 US rate cut boosts global markets
  New York: Wall Street shares opened sharply higher on the news that the Federal Reserve is cutting the interest rate


year 2004 Top ^

Dec.14 Fed Raises Interest Rate to 2.25%
  The Federal Reserve pushed U.S. interest rates up by a modest 0.25% Jun.30 Fed raises a quarter  The Federal Reserve raised its target for a key short-term interest rate by 0.25, the first increase in nearly 4 years

year 2003 Top ^

Jan.29 Fed Keeps Rates Low  The Federal Reserve is expressing hopes the recovery will pick up once Iraq war fears lift

year 2002 Top ^

Nov.6 0.5% interest rate cut  The Federal Reserve has reduced rates to a 41-year low of 1.25%, a big cut from the previous 1.75% Aug.13 Interest rates kept on hold  The Federal Reserve has retained rates at 1.75%, despite growing fears of economic weakness Mar.7 Greenspan upbeat on US recovery  U.S. Congress: Chairman of the US central bank, has told the Senate Finance Committee that the US economic recovery is well under way

year 2001 Top ^

Nov.6 Fed cuts by 0.5%
  The Federal Reserve cut interest rates to 2%, its 10th cut of the year and 3rd since Sept. 11 Oct.31 US economy shrinks  U.S. Congress: Bush has urged Congress to take action to revive economy, after output had shrunk for the first time in 8 years Oct.2 Fed cuts rates by 0.5%
  The Federal Reserve makes 9th cut of year to 2.5%, the lowest level since 1962 Aug.21 Fed cuts rates a quarter
  The Federal Reserve makes 7th cut in 2001 to 3.5% and is open for further cuts Jan.31 Fed cuts interest rates by 0.5%
  It brings the federal funds rate to 5.5%, from 6%. U.S. economy grew at a 1.4% annual rate in the 4th quarter Jan.3 Fed cut rate, stocks up
  A surprise interest rate cut lift Nasdaq to a record 14.17%


year 2000 Top ^

Dec.5 Greenspan could cut rate  Greenspan said central bank must be alert to the risks of a sharp economic slowdown



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