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Wednesday, April 30
Fed cuts key rate to 2% but urges caution over inflation
by
Jet-to-Let Magazine
on Wed 30 Apr 2008 15:53 BST
The US central bank cut interest rates last night for the seventh time since last summer as it sought to combat the impact of a collapsing housing market and the credit crunch on the world's biggest economy. The Federal Reserve's open market committee voted unanimously for a quarter-point cut in ... more »
US economy 'just keeps its head above water'
by
Jet-to-Let Magazine
on Wed 30 Apr 2008 14:30 BST
The US economy grew 0.6% in the first three months of the year as an increase in inventories compensated for weaker consumer spending and a deteriorating housing market. Despite beating analysts expectations, the Commerce Department's report shows a widespread weakening that many analysts fear will lead to a recession. However, ... more » Tuesday, April 29
'No sign of a bottom' in US property prices
by
Jet-to-Let Magazine
on Tue 29 Apr 2008 14:37 BST
More worries over the credit crunch arrived today as 17 out of 20 US cities reported record annual declines in house prices, a survey release today showed. Standard & Poor's/Case Shiller Index, which tracks 20 of the largest housing markets, said prices fell 2.6% to 175.94 in February from January, ... more » Thursday, April 24
New US home sales hit 17-year low
by
Jet-to-Let Magazine
on Thu 24 Apr 2008 15:31 BST
New home sales plunged to a 17-year low in March as tighter credit conditions and weakening consumer confidence kept prospective buyers on the sidelines in spite of sharp price declines. Single-family home sales slumped 8.5 per cent in March to a 526,000 annual rate, the lowest since October 1991, 36.6 ... more » |
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