51. Bonds are poised to climb as the Fed continues to cut rates to keep the economy from skidding into a recession, said Thompson at State Street Global Advisors. 52. Bonds tumbled at mid-afternoon after the Fed declined to cut rates after a regular policy meeting today. 53. Bonds and stocks rallied after reports showing weaker-than-expected retail sales in December and sinking consumer confidence raised expectations the Fed will cut rates soon. 54. Bonds and stocks rose after reports showing weaker-than-expected retail sales in December and sinking consumer confidence raised expectations the Fed will cut rates soon. 55. Bonds fell across Europe amid fading hopes rates will be cut soon. 56. Both plans cut the rate of growth and would therefore require substantial cuts in the current program to meet their targets. 57. Bond yields plunged this year in large part because investors and traders expect the Fed to cut rates. 58. Bonds surged after the early afternoon announcement, which came after months of anticipation that the Fed would cut borrowing rates to bolster the economy. 59. ------ Two weeks ago, we wrote an open letter to Greenspan, urging him to cut rates. 60. A drop in yields would ripple through the U.S. economy, cutting rates on everything from mortgages to savings accounts. |