Greenspan's aggressive rate cutting starting early last year, before the extent of the downturn was clear, delivered a powerful boost to the economy later in the year.
22.
Hong Kong slashed its official interest rates by half a point Tuesday, and Philippine Central Bank Governor Rafael Buenaventura hinted his nation might join the rate cutting.
23.
The central bank signaled earlier this year that it was in a rate cutting mood, when it stuck to its easing policy bias at its January policy meeting.
24.
As as result, economists urged caution Friday as the Federal Reserve Board decides whether to continue on the course of rate cutting that it set the day before.
25.
And, of course, all accepted the conventional wisdom that the aggressive rate cutting by the Federal Reserve would guarantee higher stock prices in the second half of 2001.
26.
It attributed the decline in net income from dlrs 1.354 billion to dlrs 1.187 billion to generally lower global interest rates cutting into earnings of the bank's investment portfolios.
27.
Analysts are not expecting a precipitous plunge by the dollar that would make other financial markets unstable and, possibly, restrict the interest rate cutting options of the Federal Reserve.
28.
Premiums from car insurance, which now represent less than 7 percent of the company's overall income, haven't yet hit bottom although there is continued evidence of rate cutting, Independent said.
29.
When investors have thought that a long cycle of Fed rate cutting is at its end, they have always sold bonds and pushed yields, which move in the opposite direction, higher.
30.
Interest on home mortgages have remained fairly steady, with rates at about the same level they were at the beginning of the year, before the Fed began its rate cutting frenzy.
