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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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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The US Federal Reserve is widely expected to cut interest rates this week, maybe by 50 basis points.
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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 Hungarian central bank reduced its key interest rate by half a percentage point, from 10.0 to 9.5 percent, according to an official statement posted on its website.
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South Korea's central bank cuts interest rates by a quarter percentage point to 3.5% in a bid to drive growth in the economy.
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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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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 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'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 cut a key interest rate today, aiming to prevent turbulence in the housing and credit markets from slowing the U.S. economy.
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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&#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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It was a dismal week for the stock market, despite an interest rate cut by the Federal Reserve.
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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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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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Federal Reserve chops another half point off interest rates - to 3% - in bid to head off economic recession