Fed will protect economy, not individuals: Mishkin
Fed will protect economy, not individuals: Mishkin
CAMBRIDGE, Massachusetts (Reuters) – The Federal Reserve will act to protect the wider economy from financial turmoil but not to shelter individual investors from losses, Fed Board Governor Frederic Mishkin said on Thursday.
Source: feeds.reuters.com
Banks, U.S. near deal to freeze subprime rates: report
NEW YORK (Reuters) – The Bush Administration is close to agreeing on a pact with major financial institutions that would temporarily freeze interest rates on certain subprime loans, the Wall Street Journal reported Friday, citing sources familiar with the negotiations.
Source: feeds.reuters.com
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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