Confederation chiefs called for a cut of half a percentage point cut in interest rates to support UK industry, the first time for three years they have demanded such a big reduction.
Richard DeKaser, chief economist at National City, predicted a 50-point cut and thinks another 25-point cut will come in October, the next time the Open Market Committee meets.
Richard DeKaser, chief economist at National City (nyse: NCC - news - people ), predicted a 50-point cut and thinks another 25-point cut will come in October, the next time the Open Market Committee meets.
Bernanke also said Operation Twist equates a 50 basis point cut in the Fed funds rate, adding he expected an additional 20 basis point fall in lending costs.
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In effect, Mr Paulson engineered the equivalent of a half-point cut in interest rates targeted at the mortgage market.
When the bank ironed another wrinkle out of its data in May, it used the correction to justify a quarter-point cut in interest rates.
He calculates that a 10% drop in the euro has the same impact on growth as a one percentage-point cut in interest rates (assuming that long-term rates also adjust).
We now expect a 25-basis-point cut in the Federal funds rate and discount rate on Dec. 11.
Since then, futures prices have been predicting a 50 basis-point cut in short-term interest rates by April.
The Pentagon had originally projected that the occupation force would have been cut in half by this point.
MPC's half-point cut in interest rates last month, is now calling for a repeat performance on December 10th.
Two of its nine members already voted for a quarter-point cut in March.
Barath perished after surpassing his previous career-best of 131 when he cut lazily to point in Pietersen's first over.
Last month, the BoE joined forces with the U.S. Federal Reserve and European Central Bank to make an emergency half-point cut in interest rates.
His half-point cut in short-term interest rates was designed to avoid a recession, but it may have bought him only a postponement of the inevitable.
The Federal Reserve said Friday it has approved a half-percentage point cut in the discount rate - a dramatic move aimed at calming markets roiled by a widening credit crisis.
This created the genuine possibility that this temporary 2.0 percentage point cut in the 6.2% Social Security tax normally paid by employees would expire at the end of this year.
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Speaking after the European Central Bank's (ECB) half-point cut in interest rates on November 6th, Jean-Claude Trichet, the bank's chief, allowed that inflation could fall well below the ECB's target ceiling of 2% next year.
The Fed's half-point cut in mid-September showed that the central bank is worried about the effect of the housing market on growth but also that it hopes speedy action will limit the extent to which that infects the broader economy.
So far, it has failed, despite a cut of a percentage point in interest rates on February 28th.
Builder Natwarlal Desai was cut down by bullets in Nariman Point, Bombay's top business district, and Bharat Kumar, owner of a sari shop, was slain outside his store.
All nine members of the Bank of England's monetary policy committee voted for this month's half-point emergency cut in rates to 4.5% because of a "sharp deterioration" in the UK's economic prospects, according to minutes of the meeting.
Back in 2011, the House GOP released a 10-point jobs plan whose key point was a big cut in the top rate of tax to 25%.
The Temporary Payroll Tax Cut Continuation Act of 2011 keeps alive the two percentage point payroll tax cut we had in 2011.
Trading in the futures markets shows expectations of another 25- to 50-point cut then to levels not seen in 50 years.
Instead, many employers will be using the 2012 tables come January but will omit the two-percentage-point Social Security tax cut in effect this year.
In March, the central bank cut its lending rate by a quarter percentage point, which was its second rate reduction in 2013.
Recent votes to cut pension benefits in San Jose and San Diego point to a growing reformist mood among some citizens.
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