10/31/2007 3:32:00 PM
Federal Reserve Decides to Cut Rate Again
WASHINGTON (AP) - The Federal Reserve sliced an important interest rate Wednesday (10/31/07) - its second reduction in the last six weeks - to help the economy survive the strains of a deepening housing slump that is likely to crimp growth in the coming months. ...
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9/18/2007 9:49:00 PM
Fed Rate Lowered by 1/2 Point
Today the Federal Reserve announced a one-half point rate reduction in it's benchmark funds rate. The Fed Rate was lowered from 5.25% to 4.75%, earlier today. For more than a year the rate has remain unchanged at 5.25% and today was the first time since ...
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9/16/2007 12:45:00 PM
Federal Reserve Interest Rate Expected to Be Lowered
WASHINGTON (AP) - For the first time in more than four years, the Federal Reserve appears ready to lower interest rates to prevent a housing meltdown and a painful credit crunch from driving the economy into a recession. Fed action would mean that borrowers ...
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