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The Economy.(A)
Three-year drought in Georgia
sparks fears for summer's crop
After three dry years, it may already be too late for rains to save coming crops of peanuts, corn, cotton, hay and soybeans, some say. The drought has forced communities to impose water restrictions and has cost Georgia farmers millions of dollars. "The main concern going into the growing season is . . . the deep-soil moisture reserve," said David Stooksbury, the state climatologist. B
ut Stooksbury is upbeat. "I think we'll probably have adequate moisture for planting, and we'll be in better shape than in the past two years," he said.
ISI company survey index sinks International Strategies & Investments' closely watched business index fell to 45.4 in the week ended Dec. 29 from the prior week. The weakness seems to be broad-based, ISI said. "Evidence that the economy is slowing rapidly continues to grow," ISI said. "Our tech company contacts are seeing slower orders for PCs and (semiconductors). Corporate credit demand continues to weaken." This latest sign of weakness explains why most analysts expect a quarter-point rate cut when Federal Reserve policy-makers meet on Jan. 30-31. Some expect a half-point cut.
Mortgage delinquency rates rise
These late payments rose 22 basis points in the third quarter to 4.04%, says the Mortgage Bankers Association. Delinquencies were highest in the South at 4.97% and lowest in the West at 3.16%. Factors adding to the rise included the economic slowdown and weak job growth. The rise could slow if the Federal Reserve cuts interest rates, MBA says. The number of loans in the foreclosure process fell one basis point to 0.85%.
- News In Brief: Federal Reserve Cuts Rates 50 Basis Points.
- Magazine article from: The Bond Buyer November 7, 2001 700+ words
Federal Reserve policy-makers cut the federal funds...the Fed cut the discount rate by 50 basis points to 1.50%. The discount rate vote...Fed cut the federal funds rate by 50 basis points to 2.50%, the lowest level since...
- Federal Reserve's Cut of 50 Basis Points Could Net Out to Only Half That for...
- Press release article from: Business Wire January 18, 2001 700+ words
...Companies Range in Size From Approximately $1 Million to $50 Million in Revenue/Sales. The Federal Reserve Board's interest rate cut of 50 basis points and its announced bias toward loosening monetary policy came at a good time for America...
- Surprise, surprise.(Federal Reserve cuts interest rates 25 basis points on Oct....
- Magazine article from: Futures (Cedar Falls, Iowa) December 1, 1998 700+ words
The Federal Reserve threw traders for a loop when it cut interest rates 25 basis points on Oct. 15. The cut came after the Treasury bond pit had closed, causing the S&P 500 stock index to rise 41.96 points...
- EXPORTERS GO IN FOR FOREX EXPORT CREDIT TO BOOK PROFIT IN FORWARDS (US Federal...
- News wire article from: Asia Africa Intelligence Wire November 18, 2002 700+ words
...currencies at low rates and making profits in the forward market at higher rates. The reduction by 50 basis points (bps) by the US Federal Reserve has boosted the process. The 50 bps cut has significantly brought down the London Inter-bank Offered...
- Fed pulls a fast one.(Federal Reserve makes surprise rate cut of 25 basis...
- Magazine article from: Futures (Cedar Falls, Iowa) Szala, Ginger December 1, 1998 700+ words
...from the floor of the S&P 500 pit where traders were brutalized after the Federal Reserve made a surprise (at least timing wise) rate cut of 25 basis points. Not a big deal perhaps in most circumstances, but this day the move made traders...
- Give us 100 basis points! bring it down.(Frontlines)(Pacific Investment...
- Magazine article from: Pensions & Investments Clary, Isabelle September 3, 2007 700+ words
...sees the need for the Federal Reserve to lower the 5.25...rate by a total 100 basis points in the coming months...rating agencies and the Federal Reserve.'' He added that...the need for a big Federal Reserve cut.
- Federal Reserve Analysis.
- News wire article from: CEO Wire June 29, 2006 700+ words
...almost over, the Federal Reserve decides on interest...will be 25 or 50 basis points. Let`s bring...And if we get 50 basis points, with pausing...remember is the Federal Reserve has to be 200 basis points ahead of the curve...
- Federal Reserve Bank Official Discusses Role of Organization.
- News wire article from: York Daily Record (York, PA) October 3, 2001 700+ words
...they) borrowed from the Federal Reserve." As far as where the...rate had come down by 300 basis points, he said. Before the attacks...Since the attacks, the Federal Reserve has cut another 50 basis points and oil prices continue...
- Treasury and Federal Reserve foreign exchange operations.
- Newspaper article from: Federal Reserve Bulletin Cross, Sam Y. July 1, 1991 700+ words
Treasury and Federal Reserve Foreign Exchange Operations...the Foreign Group of the Federal Reserve Bank of New York.(1...the period opened, the Federal Reserve discount rate was reduced 50 basis points to 6 percent, and the...
- Rate cuts may pinch earnings at smaller banks.(Federal Reserve Board's decision...
- Magazine article from: The Business Journal-Milwaukee Schwab, Paul October 5, 2001 700+ words
...the second quarter, the Federal Reserve had already cut rates 3...margin fall by 10 to 15 basis points since the beginning of...Vander Ploeg said. When the Federal Reserve cut interest rates by 25 basis points Aug. 21, many banks and...
