Fed cuts key interest rate by hefty 1/2 point
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The U.S. Federal Reserve on Tuesday slashed the benchmark federal funds rate 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 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, the biggest one-day move by the central bank in recent memory.
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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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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 Federal Reserve raised a key interest rate another quarter- percentage point Tuesday, continuing its campaign to gradually remove the cheap money stimulus that it used to help jump-start the recovery from the 2001 recession.
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The Federal Reserve boosted a key short-term interest rate by one-quarter percentage point Wednesday. Citing an improving economy and well-contained inflation, it said further increases would be gradual.
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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 surprise 75 basis point interest rate cut by the Federal Reserve on Tuesday failed to shift sentiment in sour global stock markets, giving only a temporary shot in the arm before they dipped back into the red.
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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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Federal Reserve chops another half point off interest rates - to 3% - in bid to head off economic recession
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The Federal Reserve cuts US interest rates from 4.25% to 3.5%, to boost confidence after stock market slides.
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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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Federal Reserve policy makers raised the benchmark US interest rate a quarter point to 2.25 percent and restated a plan to carry out further increases at a ``measured&#39;&#39; pace.
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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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US Federal Reserve decided Tuesday to raise the federal funds rate, which commercial banks charge each other on overnight loans, by one-quarter percentage point to 2.25 percent from 2 percent.
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Federal Reserve policy-makers raised the benchmark US interest rate a quarter point to 2.25 per cent and restated a plan to carry out
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The Federal Reserve cut a key short-term interest rate by a half-percentage point Wednesday, its second significant cut in just over a week, as the central bank tries to combat the growing risk of a U.S. recession.