Financial markets are widely expecting the Federal Reserve to cut interest rates today, but they may not get their wish.
The Federal Reserve, meeting during an unprecendented crisis on Wall Street, decided to leave interest rates unchanged but expressed concern about the crisis escalating.
The U.S. launched several multibillion-dollar programs to rescue financial markets while developing a more sweeping plan to mop up toxic mortgage debt
The $700 billion financial rescue plan bears little resemblance to the savings and loan bailout almost two decades ago—and may not be as successful, experts say. First and foremost, there’s no accompanying re-regulation of the financial services industry.