Fed slashes interest rates
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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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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.
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The United States Federal Reserveâs surprise rate cut stemmed losses on the Asian stock markets but heightened fears of a painful recession.
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Payrolls shrank in August for the first time in four years, the government reported on Friday, prompting calls for the Federal Reserve to lower interest rates before credit market turmoil drags the economy into recession.
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The Federal Reserve disappointed Wall Street yesterday with its measly quarter-point reduction in interest rates. Yes, the Fed said, credit conditions have deteriorated and a recession is possible, but with consumer prices likely to end the year up nearly 4 percent, we're not exactly in the target...
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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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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 Bank of Dallas President  Richard Fisher on Monday said the U.S. central bank cut  interest rates last week to avert an unacceptable economic  slowdown and said it could move again, in either direction.
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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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Business & money: Â· Dollar at 15-year low and stock markets plunge Â· Federal Reserve expected to cut interest rates
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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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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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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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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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Six weeks ago the Federal Reserve cut interest rates, a move that calmed panicked credit markets and sent stock markets soaring. Now investors faced with more troubling data are betting that the Fed will reduce rates again tomorrow.
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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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Betting on banks and movie theaters could be a good move if the Federal Reserve lowers a key interest rate at today's meeting.