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Day: January 22, 2008
January 222008
U.S. Fed Reserve Cuts Interest Rate 0.75 in Emergency
Today, the Federal Reserve System decreased the national benchmark interest rate by 0.75% â from 4.25% down to 3.50%. This was an emergent move to stimulate the financial liquidity amidst the tumbling stock markets. It was the first such move since the aftermath of 9/11, when global markets reacted with a similarly sharp decline. But the current bearish market can be expected to be more lasting and powerful than the last […]
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January 222008
LiteForex Adds e-Bullion and Liberty Reserve
A good news from the LiteForex broker. Yesterday they announced that they are adding e-Bullion and Liberty Reserve on-line payment systems as the options to deposit funds into the Forex trading accounts. Although these systems are less popular than WebMoney or e-gold, which are already supported by LiteForex broker, it is a good addition for a Forex broker as it adds comfort to the traders’ necessary routines of accounting. Unfortunately it […]
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