Fed slashes 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 U.S. economy some fear is on the verge of recession.
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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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The US Federal Reserve slashed its key federal funds short-term interest rate by three quarters of a percentage point to 3.50 percent Tuesday amid sharp falls on global stock markets.
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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 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
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The Federal Reserve'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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Stocks fell on Wednesday, reversing strong gains after the Federal Reserve slashed interest rates, roiled by fresh worries about more losses in the financial sector on fears big bond insurers will lose their top credit rating.
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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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All nine members of the Bank of England's Monetary Policy Committee voted to cut interest rates by a quarter-point to 5.5 percent in December and even discussed whether slowing growth meant a bigger reduction might be needed.
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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 U.S. recession.
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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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The US Federal Reserve cuts interest rates from 4.75% to 4.5% to help kickstart housing and credit markets.
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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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Confronting panic about a possible recession, the Federal Reserve announced the biggest one-day reduction of interest rates on record.
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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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Confronted by deepening panic in global markets about a possible U.S. recession, the Federal Reserve announced the biggest one-day reduction of interest rates on record.