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2008

Notable Events in 2008

Date Event Related Articles
01/22/2008 The FOMC lowered the federal funds rate 75 basis points to 3.5%
01/30/2008 The FOMC lowered the federal funds rate 50 basis points to 3.0%
03/16/2008 The Federal Reserve extended JPMorgan a $30 Billion credit line in what was widely-considered a bail-out of Bear Stearns
03/18/2008 The FOMC lowered the federal funds rate 75 basis points to 2.25%
04/30/2008 The FOMC lowered the federal funds rate 25 basis points to 2.0%

09/17/2008 Interest rate on 3 mo T-bill fell to 0.03% in major flight to quality.

Performance of Stock Markets

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