Archive for October 29th, 2012

Central Bank Watch

Bank of Israel Unexpectedly Cuts Key Interest Rate

October 29, 2012

Israel’s main central bank interest rate was sliced by 25 basis points in the first reduction since June and the fifth such move since September 2011.  The 2.0% rate level hasn’t been this low since January 2011.  If no further rate change is announced in November or December, this will be the fourth straight calendar […] More

New Overnight Developments Abroad - Daily Update

Storm Front Coming

October 29, 2012

A monster storm will slam into the Northeast of the United States today.  There will be no equity trading in New York City today, and bond markets close at noon.  Wall Street may be under water from the storm surge.  Damages from wind and flooding figure to run into the billions of dollars.  Power outages […] More