Fed slashes US interest rates to 3.50 percent
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The US Federal Reserve slashed its key federal funds short-term interest rate by three quarters of a percentage point to 3.50 percent Tuesday amid sharp falls on global stock markets.
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NEW YORK, September 21  - The US Federal Reserve raised the interest rates by a quarter percentage point today, in-line with the broad expectations.
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Global stock markets surged after the Federal Reserve moved aggressively to head off the risk of a sharp slowdown in the US economy on Tuesday, cutting interest rates by 50 basis points to 4.75 per cent.
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The Federal Reserve is expected to cut interest rates by a quarter point Wednesday.
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The Federal Reserve on Tuesday slashed benchmark interest rates 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 US Federal Reserve is expected to hold interest rates at 5.25% as evidence grows of a slowing economy.
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The Federal Reserve, wanting to keep inflation at bay, is expected to boost short-term interest rates for a third time this year on Tuesday, a move that would come in the final stretch of the presidential campaign.
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The Federal Reserve on Tuesday  slashed benchmark U.S. interest rates by a hefty three-quarters  of a percentage point in an emergency bid to lend support to a  weak U.S. economy faced with increasing turmoil in global  financial markets.
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Former Federal Reserve Chairman Alan Greenspan said in an interview that aired on Thursday the Fed's decision to cut interest rates this week had lowered the risk of a U.S. recession, although chances were still above one in three.
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The Federal Reserve raised US interest rates Tuesday by a quarter-percentage point for the fifth time this year and said it will keep gradually lifting them from rock-bottom levels to forestall inflation.
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THE US Federal Reserve has raised interest rates for the third time this year in spite of a renewed surge in oil prices. The widely expected move took the funds rate up a quarter-point to 1.75 per cent, following similar moves in August and June.
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Federal Reserve chops another half point off interest rates - to 3% - in bid to head off economic recession
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A vicious rout of global stock markets at the start of the week sent the Federal Reserve scrambling to slash U.S. interest rates on Tuesday and the White House and Congress sped up work on tax cuts and other steps to ward off a possible U.S. recession.
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The Federal Reserve&#39;s move to slash  interest rates by a half-percentage point signals that Chairman  Ben Bernanke, fearing broad damage from recent market turmoil,  preferred to risk doing too much rather than too little, the  Wall Street Journal reported in its online edition.
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US stock markets got a lift from the Federal Reserve's latest interest rate cut as the week's economic news confirmed the US economy is no longer accelerating and has struck a few worrisome potholes.
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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 opts to keep interest rates on hold for the fourth successive month amid signs of a slowing economy.