Fed slashes rates to blunt economic slowdown
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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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Usually, when the Federal Reserve lowers interest rates, it's a good time to buy bonds.
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The US Federal Reserve holds interest rates at 5.25% as evidence grows of a slowing economy.
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For the first time in more than four years, the Federal Reserve appears ready to lower interest rates to prevent a housing meltdown and a painful credit crunch from driving the economy into a recession.
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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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The OECD on Wednesday reduced its forecast for U.S. economic growth and recommended a rapid cut in interest rates to limit the fallout from a housing and mortgage market slump that has sparked global financial market turmoil.
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Goldman Sachs on Wednesday said it expects the U.S. economy to drop into recession this year, prompting the Federal Reserve to slash benchmark lending rates to 2.5 percent by the third quarter.
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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 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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NEW YORK - Strained by a tight credit market, the nation's economy should stumble along at a slower pace in coming months, but it may find help from lower interest rates and possible employment gains.
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The Federal Reserve decided to keep interest rates steady Wednesday and acknowledged that the economy is slowing down, which could mean the Fed may not need to raise rates further in the near future.
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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
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The Bank of England on Thursday trimmed its key interest rate by a quarter-point to 5.25 percent amid concerns of slower economic growth, while keeping a close watch on inflation.
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The Federal Reserve on Wednesday resumed a two-day policy meeting that is widely expected to result in a decision to cut U.S. interest rates again to shore up the faltering economy.
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Consumer prices fell 0.1 percent as energy costs fell, keeping pace with the yearâs slowdown in inflation and offering some comfort to Fed officials after yesterdayâs half-point rate cut.
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The Federal Reserve said it will keep gradually lifting interest rates from rock-bottom levels to forestall inflation.
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Central bank chops rates, but stocks slide anyway.