Fed Cuts Key Interest Rate By Quarter Point; Stocks Fall
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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.
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The stock market stumbled as Wall Street seemed to grasp that the Federal Reserve is in no hurry to lower interest rates.
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Stocks fell on Friday after stronger-than-expected inflation data fueled concerns the Federal Reserve will stop cutting interest rates, dimming the outlook for the economy and corporate profits.
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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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The Bank of England trimmed its key interest rate by a quarter-point to 5.25 percent on Thursday, the central bank announced, in line with market expectations.
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You never want to see the Federal Reserve panic, but that's what it looked like Tuesday when it cut a key interest rate in a surprise move as stock markets around the globe were tanking.
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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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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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Responding to a worldwide stock sell-off and fears about a U.S. recession, the Federal Reserve slashed its benchmark interest rate before the opening of the U.S. markets.
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Recession worries pushed U.S. stocks lower on Tuesday, but the decline was shallower than feared as an emergency interest-rate cut by the Federal Reserve helped stabilize global markets after a two-day rout.
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The best bet is a quarter-point cut in the fed funds rate, but will that turn investor psychology for long?
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The Federal Reserve on Wednesday cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point
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Oil fell a dollar Tuesday amid intensifying worry over the health of the U.S. economy, but traders cut the market's losses after the Federal Reserve slashed interest rates by 75 basis points in a surprise move aimed at averting recession.
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The 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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Stocks fell moderately today as Wall Street traded nervously and lightly ahead of a decision Tuesday by the Federal Reserve on interest rates.
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Stocks fell Friday after accelerating inflation spurred concern that higher prices will curb consumer spending and give the Federal Reserve less leeway to cut interest rates.
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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 recession.