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U.S. House Prices Analysis and Trend Forecast 2019 to 2021

Fed Cuts US Interest Rates to 4.75%, Dollar plunges, Stocks Soar

Interest-Rates / US Interest Rates Sep 18, 2007 - 03:44 PM GMT

By: Sarah_Jones

Interest-Rates

The US interest rates were cut by 0.5% to 4.75%. The market was already pricing in expectations for 0.25%.

US Stocks rallied strongly on the news with Dow Jones Index rallying more than 300 points on the news to above 13,700 into the last hour of trading.


The Dollar plunged to a new low against the Euro hitting 140

Commodities surged on the falling dollar, with Gold rising above $728 and Crude Oil breaking above $82.

The move comes on the back of strong indicators of the falling housing market and subprime sparked credit crunch pushing the US into recession. The Market Oracle article of 31st July 07 Hedge Fund Subprime Credit Crunch to Impact Interest Rates - highlighted the bullish implications of much lower interest rates in response to the credit crunch.

By Sarah Jones
(c) Marketoracle.co.uk 2005-07. All rights reserved.

The Market Oracle is a FREE Daily Financial Markets Forecasting & Analysis online publication. We present in-depth analysis from over 100 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Sarah Jones Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

tHANE cURRY
19 Sep 07, 01:01
Banks

If the banks will not lend to their brother rock what do they know that the sheep do not? Why not be true and warn the sheep that if things go south the big banks where wise the serfs were fools.

You at least should bugle reality.

Little serfs will pay. Would you lend to the "rock"

Tell them to get out. Their brother banks who know far more than they already have. Your mommy is watching.


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