Like other financials, FirstFed stock got a decent goose from the Federal Reserve's rate cut.
The first question after today's rate cut is whether it will make a difference?
But NPR's Chris Arnold has been asking what a rate cut means for average people.
However, any surprises to the downside and a refinancing rate cut will be priced in.
It's difficult to see a rate cut in June, we see one in May or July.
Australian stocks trimmed earlier losses after the rate cut, finishing 0.2% down at 5143.70.
And many manufacturers have warned of worse to come unless a rate cut is forthcoming.
That has some investors expecting a rate cut at the next meeting on May 1.
And even more than a rate cut, these enforcement efforts only dodge fundamental problem.
The first of these steps will be a 25 basis point rate cut by the ECB.
Deutsche Bank expects the next rate cut to be at least 50 basis points.
Of course, every time he's speaks publicly, he might hint at a further rate cut.
The IMF wants more monetary easing from the Bank - including, maybe, another rate cut.
For these reasons, the majority of economists believed a rate cut was unlikely in January.
So last week's unexpected interest-rate cut by the Fed was of direct help to Argentina.
The monetary tightening that this represents more than offsets the ECB's last interest-rate cut in March.
But Mitchell sensed that the real effects of the rate cut would be overwhelming, economically and politically.
Starting off with a huge tax rate cut would deepen the 10-year hole by trillions of dollars.
FORBES: A 20% Tax Rate Cut Would Blow A Huge Hole In The Budget
And the federal budget went into statistical balance in 1965, the year after the JFK rate cut.
FORBES: Trashing JFK's Tax Cuts, One of the Greatest Policy Successes of All Time
The Australian dollar weakened slightly, dipping 0.7% against the US dollar, after the rate cut was announced.
European markets were more resilient amid hopes of an interest rate cut from the European Central Bank.
Yesterday's sudden rate cut by the US Federal Reserve pacified investors in Asia, at least for now.
The Fed's statement Wednesday cast a gloomy outlook that suggested another rate cut could come in December.
Capital gains revenues had doubled by 2005, despite the 25% capital gains rate cut adopted in 2003.
Alan Bush, senior financial futures analyst at Archer Financial Services, said the rate cut was a slight surprise.
FORBES: FOCUS: RBA Rate Cut Doesn't Support Gold; Other Factors Influencing
Both these stocks gained 2.3% on hopes of a rate cut which could help boost their lending business.
If tax rates were substantially higher to begin with, the rate cut might more than pay for itself.
The top tax rate was cut by only 13%, while the lowest rate was cut by one-third, 33%.
On Tuesday, markets were also reacting to last week's events, including a rate cut by the European Central Bank.
Besides, still-elevated consumer inflation and India's widening trade deficit could weaken the case for a rate cut in June.
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