United States

Fed expected to cut rates by another half-point

US - The US Federal Reserve is poised to cut interest rates today for the tenth time this year, extending its most aggressive rate-cutting campaign in recent history amid yet more evidence of proliferating weakness in the world's economic power.

Chicago Fed National Activity Index

REPORT - The Chicago Fed National Activity Index (CFNAI) was virtually unchanged at -1.28 in September. The three-month moving average index (CFNAI-MA3) was -0.95 in September, marking the fifteenth consecutive month that the CFNAI-MA3 was below zero.

GATA - Howe lawsuit goes to Boston hearing

US - A hearing in GATA consultant Reginald H. Howe's gold market manipulation lawsuit against the Bank for International Settlements, the U.S. Federal Reserve Board and Treasury Department, and five bullion banks will be held at 2 p.m. Monday in U.S…

Testimony of Dolores Smith at the US House of Reps

TESTIMONY - Testimony of Dolores S. Smith, Director, Division of Consumer and Community Affairs before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Financial Services, U.S. House of Representatives, 1 November.

Fed's Smith - Rates dominate credit card pricing

US - The Federal Reserve's director of consumer affairs told a house panel Thursday that interest rates have come to dominate pricing practices for credit cards in recent years, although there is little systematic information about other aspects of card…

Dallas fed board chairman and dep reappointed

US - The Federal Reserve Board of Governors has reappointed H. B. Zachry chairman and Patricia Patterson deputy chairman of the Federal Reserve Bank of Dallas board of directors for the year 2002, beginning 1 January.

Soros: Global economic report criticised at launch

REPORT - Billionaire investor George Soros Thursday launched the draft of a "Report on Globalization" that he offered as his blueprint for a fairer and more stable global financial system. He was given a rough ride by some big hitters in the world of…

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