Fed Makes Second Rate Cut in Nine Days
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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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A long period of stasis in Federal  Reserve monetary policy looks certain to end on Tuesday with a  U.S. interest-rate cut, leaving the question of how much  further rates may drop and how fast.
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WASHINGTON -- The Federal Reserve is expected to leave interest rates unchanged today for a second straight month, and many analysts think there won't be any more rate increases this year.
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Expectations of further U.S. interest rate cuts by the Federal Reserve later this week boosted stocks and sent gold to historic highs on Tuesday while they kept the dollar near a two-week low.
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The Federal Reserve is likely to follow its bold action last week to battle an economic downturn with further interest rate reductions, although analysts are split on just what size the future cuts will be.
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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 dollar falls to another record low against the euro as investors bet on an US interest rate cut this week.
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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
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Business & money: Sixth successive month of price falls, and mortgage lending at two-year low despite rate cuts
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WASHINGTON -- Individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.
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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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Investor's Business Daily - Even before Tuesday's 0.75% slash in the federal funds rate by the Federal Reserve, mortgage rates had been sliding. Last week's cut pulled down home loan rates more.
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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 Federal Reserve is expected to chart a new course on Tuesday and cut benchmark interest rates for the first time since mid-2003 to protect the economy from a housing downturn and jittery credit 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 Curious Capitalist: The Fed cuts rates by a half-point, and the stock market cheers  -  not that that means anything
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An emergency U.S. interest rate cut  last week rekindled perceptions the Federal Reserve has a bias  to protect the stock market, and a French bank trading scandal  has made matters worse.