Fed cuts interest rates to 3.5%
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The Federal Reserve cuts US interest rates to 3.5%, a shock three-quarters of a percentage point reduction.
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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 is widely expected to cut interest rates this week, maybe by 50 basis points.
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WASHINGTON - The Federal Reserve boosted a key short-term interest rate by one-quarter percentage point Tuesday, marking the third increase this year. It's part of a gradual process to wean the economy from extraordinarily low rates that are no longer viewed as necessary to keep the economy afloat...
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The American central bank, the Federal Reserve, Tuesday raised short-term interest rates for the fifth time in six months. Even with the quarter point increase short-term rates are a still-very-low 2.25 percent.
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The Federal Reserve cut a short-term interest rate yesterday to try to keep problems in the housing and mortgage markets from dragging the nation into recession, but Wall Street judged the move as too timid and financial markets tanked.
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Three regional Federal Reserve banks sought a half-percentage-point cut in the discount rate ahead of December's Fed policy meeting, minutes of the Fed Board's discount rate meetings showed on Tuesday.
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The US central bank raised a key interest rate one-quarter of a percent (to 2.25) Tuesday in a bid to fend off future inflation. It is the fifth time since June that Federal Reserve officials have
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The Federal Reserve is likely to cut an important interest rate this week, a move designed to help the economy get through the  a painful housing slump and credit crunch
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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 is preparing to meet to decide whether US interest rates should be cut from 5.25%.
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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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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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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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The US Federal Reserve is widely expected to keep interest rates at their current level of 5.25% on Thursday.
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The Bank of England trimmed its key interest rate by a quarter-point to 5.25 percent on Thursday, the central bank announced, in line with market expectations.
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The Federal Reserve cut a key interest rate by half a percentage point today, the second rate cut in nine days, in an aggressive move to try to prevent a recession.