Japan's central bank has slashed its key interest rate below one percent, while the government predicts the nation's economy will experience zero growth through 2010. Yesterday I heard on TV that as U.S. is cutting the interest rates that will force the other economies to do the same and thus this is how the U.S. will have a soft landing against the inflation and loss of dollar value.

The Federal Reserve has decided to cut interest rates once again. The time the key interest rate was cut by 0.75 percent dropping it to 0.25 percent.

European Central Bank cuts interest rates by 0.75 percent - its biggest ever move and its third cut in two months. Major European interest rate cuts fail to rally world markets.

The Wall Street got the rate cut from the Fed that it was looking for. The Federal Reserve cut its benchmark interest rate by 50 basis points to a half-century low. The Fed's statement cited "downside risks to growth." However, it was a disappointing finish on Wall Street. A turbulent final hour of trading left the Dow industrial average with a loss for the day.

Yesterday was a great day in U.S. and global stock markets. Dow Jones Industrial Average rallied almost 900 points. Today global markets are in a rally mode as well, but U.S. is weak as futures are falling. Investors are hoping and looking to Federal Reserve's rate cut decision this afternoon.

This week there has been a number of huge factors contributing to the recent decline in mortgage rates. The Fed has lowered interest rates by 0.75 percent and they have also bailed out Bear Sterns from collapsing.

The US economy is showing signs of panic as mortgage rates have been very unstable throughout the week.

For the second time this month the Federal Reserve has slashed key interest rates in hopes of stimulating the U.S. economy. Although the rate cut does not tie directly into mortgage rates, mortgage rates have been on a downward spiral for the past month.

Fed Rate Cut By 0.5 Percent: Federal Reserve Announcement Lowers Interest Rate to 3.0 percent hoping to remedy the U.S. Economy, which according to some analyst may already be in full recession.

The U.S. central bank Tuesday begins a key two-day policy meeting that many economists predict will result in another interest rate cut, to help boost the troubled economy and stop a sell-off in global stock markets.

Asian stocks recouped some of their steep losses of the past two days after market confidence received a shot in the arm from the U.S. Federal Reserve. But as VOA's Heda Bayron reports from Hong Kong, stock analysts say the markets may remain volatile despite Tuesday's U.S. interest-rate cut.

European stock markets appear to have rallied after the severe losses recorded when they opened this morning. Following news of continued falls on the Asian markets, Amsterdam's AEX lost five percent soon after opening.