Fed Cuts Rate for Second Time in 8 Days
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The central bank acknowledged that its primary worry is an economic slowdown rather than rising inflation and it left open the possibility of additional rate reductions.
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The U.S. Federal Reserve on   Wednesday held its benchmark interest rate steady for a second   straight meeting, biding time to assess whether cooling   economic growth will curb price pressures.
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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 U.S. economy some fear is on the verge of recession.
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The U.S. Federal Reserve on Tuesday slashed benchmark U.S. 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 surprises markets by cutting interest rates by 50 basis points to 4.75%.
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Wall Street pulled back yet again after a Federal Reserve official suggested that rising inflation could prevent the central bank from making further interest rate cuts.
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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 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 cuts US interest rates to 3.5%, a shock three-quarters of a percentage point reduction.
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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 is expected to  lower U.S. interest rates on Wednesday as part of an ongoing  aggressive effort to spare the economy from the worst effects  of a deep housing slump and credit crunch.
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Shares fluctuated in early trading as the Federal Reserve opened a two-day meeting expected to result in another interest rate cut.
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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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Stock futures fell on Thursday, indicating another drop on Wall Street after renewed worries about the outlook for the financial sector overshadowed a rate cut from the Federal Reserve.
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Fed moves don't always mean lower rates for borrowers.
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Â· Pound falls as news swirls around money marketsÂ· US Fed poised to cut rates amid global liquidity crisis
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The Federal Reserve cut a short-term interest rate yesterday to try to keep problems in the housing and mortgage markets from dragging the nation into recession, but Wall Street judged the move as too timid and financial markets tanked.