Credit crunch - Treasurys end higher

Treasurys end higher
CNN Money - A global markets sell-off and fears of a recession prompt the Federal Reserve to cut two key interest rates. NEW YORK (AP) -- Treasurys gave back much of a vigorous rally in late trading Wednesday when a sagging stock market suddenly regained

Home loan applications jump as rates fall
Reuters - NEW YORK (Reuters) - Applications for home mortgages jumped for a third consecutive week as plunging interest rates encouraged more homeowners to seek refinancings, an industry group said on Wednesday. The Mortgage Bankers Association said its

India Inc wants interest rate cut to spur economy
Hindustan Times - Reducing interest rates would go a long way in boosting demand and investments. It would also reduce operating costs of exporting small and medium enterprises, that have been facing decline in profit margins due to an appreciating rupee." The demand

Re drops to end at 39.58/59 vs dollar
Times of India - MUMBAI: The rupee was driven lower by suspected central bank intervention on Wednesday after investors bought the Indian unit anticipating strong capital inflows after the US Federal Reserve cut interest rates. The partially convertible rupee ended

4 Ways Consumers Will Feel the Fed Cut
US News and World Report - Consumers aren't directly affected by today's Federal Reserve cuts in short-term interest rates, but they could be soon, as banks respond to the opportunity to borrow money more cheaply. Shortly after the Fed announced that it was slashing its target