Federal Reserve to Cut Key Rate?
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A serious bout of financial market instability has dramatically changed the debate at the Federal Reserve from worries about inflation to concerns about the possibility of a recession
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WASHINGTON - Americans may be disappointed the Federal Reserve's interest rate cut won't translate into lower monthly mortgage payments and a revival of the housing market.
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Economic data released Wednesday supports decision to cut interest rates.
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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 US Federal Reserve has cut interest rates for the second time in nine days to ward off a recession.
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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 is preparing to meet to decide whether US interest rates should be cut from 5.25%.
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The US Federal Reserve is widely expected to cut interest rates this week, maybe by 50 basis points.
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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 Bank of England's Monetary Policy Committee looks set to cut interest rates, analysts say.
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The Federal Reserve on Tuesday slashed U.S. interest rates by a hefty half-percentage point in a bold bid to shield the economy from a housing slump and financial turbulence, sparking a big rally on Wall Street.
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The Federal Reserve cut the target on a key short-term interest rate by a half of a percentage point today to 4.75 percent, further acknowledgment from the central bank that the mortgage meltdown plaguing Wall Street and Main Street could have a negative impact on the economy.
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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.
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The Organization for Economic Cooperation and Development cut its forecast for US economic growth and expects the Federal Reserve to lower interest rates next year, according to a draft of its latest estimates.
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Aggressive moves to cut interest rates by America's central bank are intended to stave off a financial meltdown.
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The Federal Reserve is expected to chart a new course on Tuesday and cut benchmark interest rates for the first time since mid-2003 to protect the economy from a housing downturn and jittery credit markets.
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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.