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(Studio: Brian Williams) Report introduced.
(New York: Anne Thompson) The Federal Reserve Board’s decision to cut the interest rate examined; details given about the potential impact on the overall economy. [DMJ Advisors economist David JONES- says the aim is to push rates low enough to boost growth and create new jobs.] [Business owner Nick FAIRBANKS- comments on the housing market.] [Mortgage Bankers Assn. Doug DUNCAN- says mortgage rates are unlikely to fall.]
(Studio: Brian Williams) Stock Market Report.
(Los Angeles: Chip Reid) The adverse effect of lowered interest rates on investors and people on fixed incomes examined; rates on certificates of deposit cited. [Eric HAYSLETT- comments on the diminished earnings on his savings.] [“Money” magazine Ellen McGIRT- says seniors need to count on income from their investments.] [Investor Larry CHERTOFF- comments on low-interest investments.]
- Williams, Brian;
- Thompson, Anne;
- Reid, Chip
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