Fed slashes interest rates
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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 US Federal Reserve is widely expected to cut interest rates this week, maybe by 50 basis points.
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The Federal Reserve cuts US interest rates to 3.5%, a shock three-quarters of a percentage point reduction.
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke pledged Thursday to slash interest rates yet again to prevent housing and credit problems from plunging the country into a recession.
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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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The US Federal Reserve cuts interest rates from 4.75% to 4.5% to help kickstart housing and credit markets.
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The Federal Reserve is likely to cut an important interest rate this week, a move designed to help the economy get through the  a painful housing slump and credit crunch
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The Federal Reserve cuts US interest rates from 4.25% to 3.5%, to boost confidence after stock market slides.
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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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Betting on banks and movie theaters could be a good move if the Federal Reserve lowers a key interest rate at today's meeting.
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Stock index futures sharply cut losses on Tuesday after the Federal Reserve slashed its benchmark fed funds interest rate by 75 basis points.
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The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, cut a key interest rate by three-quarters of a percentage point on Tuesday, the biggest one-day move by the central bank in recent memory.
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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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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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Business & money: Lenders move swiftly to cut home loan rates after the Bank of England cut the price of borrowing
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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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Jolted by global recession fears, the Federal Reserve slashed interest rates Tuesday, and President Bush and leaders of Congress joined in a rare show of cooperation in promising urgent action to pump up the economy with upwards of $150 billion in tax cuts and government spending.