Fed Cuts Key Interest Rate
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The Federal Reserve cut a key interest rate today, aiming to prevent turbulence in the housing and credit markets from slowing the U.S. economy.
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The Federal Reserve cut a key short-term interest rate by a half-percentage point Wednesday, its second significant cut in just over a week, as the central bank tries to combat the growing risk of a U.S. recession.
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The Federal Reserve cut the target on a key short-term interest rate by a half of a percentage point today to 4.75 percent, further acknowledgment from the central bank that the mortgage meltdown plaguing Wall Street and Main Street could have a negative impact on the economy.
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The Hungarian central bank cut its benchmark interest rate by 50 basis points from 11.5 percent to 11.0 percent, the bank said in a statement posted on its website.
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Federal Reserve Bank of Dallas President Richard Fisher on Monday said the U.S. central bank cut interest rates last week to avert an unacceptable economic slowdown and said it could move again, in either direction.
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The U.S. Federal Reserve on Tuesday slashed the benchmark federal funds rate by a half-percentage point in a bold bid to buffer the economy from a housing slump and related financial market turbulence.
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The Federal Reserve cut U.S.  interest rates by a hefty half-percentage point on Wednesday as  part of an ongoing aggressive effort to halt a sharp slowdown  in an economy hit by a housing slump and a credit crunch.
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The US Federal Reserve keeps its main interest rate at 5.25%
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Federal Reserve Chairman Ben S. Bernanke yesterday signaled that the central bank will cut interest rates aggressively to try to prevent a serious economic downturn, using unusually direct and forceful language.
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The U.S. Federal Reserve is not  rushing to cut benchmark interest rates because it wants to  break investors of the view that the central bank is there to  bail them out, an article in the Wall Street Journal said on  Thursday.
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The Federal Reserve on Tuesday slashed U.S. interest rates by a hefty three-quarters of a percentage point, the biggest rate cut in more than 23 years, in an emergency bid to lend support to a U.S. economy some fear is on the verge of recession.
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Confronted by deepening panic in global markets about a possible U.S. recession, the Federal Reserve announced the biggest one-day reduction of interest rates on record.
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The U.S. Federal Reserve on Tuesday slashed U.S. interest rates by a hefty three-quarters of a percentage point, the biggest rate cut in more than 23 years, in an emergency bid to lend support to a U.S. economy some fear is on the verge of recession.
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The Federal Reserve cut a key interest rate by half a percentage point today, the second rate cut in nine days, in an aggressive move to try to prevent a recession.
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The Federal Reserveâs surprise rate cut stemmed a fall in the Asian markets Wednesday but heightened fears of recession. Stocks in Europe were down slightly.
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The US Federal Reserve is expected to hold interest rates at 5.25% as evidence grows of a slowing economy.
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The European Central Bank left intact its main interest rate at 4 percent, stepping away from a threat to raise rates, as the Bank of England cut its benchmark rate by a quarter-point, to 5.25 percent.