economic weakness
Stocks down after tepid economic data, bank woes
Posted June 2nd, 2008 by California Home LoanNEW YORK -- Wall Street retreated sharply Monday on more signs of economic weakness and executive shake-ups at two major banks _ reminders of the ongoing fallout from the credit crisis. The Dow Jones industrial average fell 200 points.
Fed expected to cut key interest rates one more time
Posted April 30th, 2008 by California Home LoanWASHINGTON -- The Federal Reserve, which began the year aggressively fighting a severe credit crunch and economic weakness, may push the pause button after delivering perhaps one more quarter-point cut in interest rates.