Exact(27)
The two rate cuts -- and the Fed's near-promise of more to come -- reduced market uncertainty a bit.
It is certainly true that the two rate cuts so far this year have not done technology much good: the Nasdaq bounced a tidy 6percentt in the 28 days after the first cut on Jan . 3
Testifying before the Joint Economic Committee, the Fed chairman said that the two rate cuts in September and October should be enough to keep the economy from slipping into a recession.
Echoing the Fed's statement from last week, Mr. Mishkin said the risk of slowing growth was roughly "balanced" against the risk of rising inflation and that the two rate cuts in August and September "should help forestall" a more serious slowdown.
However, it also appears that the two rate maxima exhibited opposing states.
It is shown that the two rate coefficients needed to represent a cycle are practically equal.
Similar(33)
The two rates are now set by law at a fixed amount above fluctuating interest rates.
The two rates have never even been close to being the same," she said.
The neutrinos tell us about the reactions taking place today – and there was a clear difference in the two rates.
As the gap between the two rates grew, so did the opportunities to manipulate the system.
Before the market turbulence, the two rates had been very close, the study says.
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