Fed Is Expected to Cut Interest Rates
March 16, 2008
NEXT WEEK
Short Week: Stock and bond markets will close for Good Friday.

Rate Cut: The Federal Reserve is expected to cut its target interest rate Tuesday, possibly to as low as 2.25% from the current 3%.

Going Public: Visa may raise around $16 billion, a record, in its initial public offering of stock.

Wall Street Pain: Goldman Sachs, Lehman Brothers, Morgan Stanley and Bear Stearns are all expected to post big losses. Bear Stearns shares plunged Friday after the firm got emergency loans from JPMorgan Chase and the Federal Reserve Bank of New York.

WaMu Watch: Washington Mutual may accept an offer this week from a large U.K. hedge fund to pump new capital into the mortgage lender.

LAST WEEK

Helping Hand: The Federal Reserve will lend Wall Street firms up to $200 billion in a move aimed at easing the global credit crisis.

Dollar Dips: The dollar hit yet another low against the euro and fell to less than 100 yen for the first time since 1995.

Protest Filed: Boeing filed a formal protest over the Air Force's $40 billion award for aerial-refueling tankers to rivals Northrop Grumman and Airbus.

Done Deal: Google closed its $3.1 billion purchase of online-advertising company DoubleClick after receiving European Union approval.

Deal Talk: Microsoft and Yahoo executives met to discuss Microsoft's bid for Yahoo.

New Media: AOL is buying social-networking site Bebo.

http://online.wsj.com/article/SB1205615 ... lenews_wsj