Fed Moves Again, Cutting Key Rate by Half a Point
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The Fedâs move was part of a one-two punch by Washington aimed at jolting the economy with easier credit and extra money.
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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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Federal Reserve Chairman Ben S. Bernanke today gave the clearest indication yet that the central bank will move aggressively to cut interest rates to try to prevent a serious economic downturn.
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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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The US Fed has done it again. Though the 25 basis points interest rate hike was largely on expected lines, unlike the previous two hikes of 25 basis points each in July and August respectively, there was some
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The US Federal Reserve has cut interest rates for the second time in nine days to ward off 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 Bank of England's Monetary Policy Committee cuts interest rates to 5.25% from 5.5%.
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The Federal Reserve unexpectedly slashed a key interest rate by a bold three-fourths of a percentage point on Tuesday, responding to a global plunge in stock markets that heightened concerns about a recession. The Fed signaled that further rate cuts were likely.
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The Federal Reserve kept the benchmark US interest rate at 5.25 percent, declaring that inflation is slowing modestly, even as the economy picks up speed.
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New Zealand&#39;s central bank has again moved to ease inflation pressures, raising its key interest rate by 0.25 percentage points to 6.25 percent -- a level last seen in March 2001.
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Central bank chops rates, but stocks slide anyway.
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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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The US Federal Reserve surprises markets by cutting interest rates by 50 basis points to 4.75%.
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The US central bank raised a key interest rate one-quarter of a percent (to 2.25) Tuesday in a bid to fend off future inflation. It is the fifth time since June that Federal Reserve officials have
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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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Ben S. Bernanke sent a strong signal that the central bank will lower interest rates again this month as it attempts to stave off a recession.