{"id":199025,"date":"2007-09-18T16:15:00","date_gmt":"2007-09-18T21:15:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/09\/18\/fed-drops-interest-rates-50-basis-points-usd-hits-all-time-low-vs-euro\/"},"modified":"2007-09-18T16:15:00","modified_gmt":"2007-09-18T21:15:00","slug":"fed-drops-interest-rates-50-basis-points-usd-hits-all-time-low-vs-euro","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/09\/18\/fed-drops-interest-rates-50-basis-points-usd-hits-all-time-low-vs-euro\/","title":{"rendered":"Fed Drops Interest Rates 50 Basis Points, USD hits all Time Low Vs Euro"},"content":{"rendered":"<p>Note: 100 Basis Points is 1%.<\/p>\n<p>The dollar is now <span>$1.3972:\u20ac<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/img402.imageshack.us\/img402\/92\/96796632fx8.png\" \/><\/p>\n<p>Note the spike that happened as soon as the Fed announced at 2:15 (Times are in GMT), so 6:15 GMT is 2:15 EDT).<\/p>\n<p>I think that we got the worst of both worlds today, the currency traders care if the fed slashes rates, but mortgages, commercial paper, and interbank lenders don&#8217;t.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Note: 100 Basis Points is 1%. The dollar is now $1.3972:\u20ac Note the spike that happened as soon as the Fed announced at 2:15 (Times are in GMT), so 6:15 GMT is 2:15 EDT). I think that we got the worst of both worlds today, the currency traders care if the fed slashes rates, but &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,1080,973,1265],"tags":[],"class_list":["post-199025","post","type-post","status-publish","format-standard","hentry","category-bubble","category-currency","category-economy","category-housing-crash"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199025"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=199025"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199025\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=199025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=199025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=199025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}