Fed slashes interest rates to buffer economy
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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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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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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.
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The Federal Reserve is expected to  lower U.S. interest rates on Wednesday as part of an ongoing  aggressive effort to spare the economy from the worst effects  of a deep housing slump and credit crunch.
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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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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 decided to keep interest rates steady Wednesday and acknowledged that the economy is slowing down, which could mean the Fed may not need to raise rates further in the near future.
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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 US Federal Reserve leaves interest rates at 5.25%, saying it has concerns about inflation.
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Fed moves don't always mean lower rates for borrowers.
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The Bank of England's Monetary Policy Committee cuts interest rates to 5.25% from 5.5%.
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Stocks headed for a slide at the open on Tuesday as fear of a recession gripped investors, prompting the Federal Reserve to slash benchmark U.S. interest rates by 75 basis points in a surprise intermeeting decision.
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The Federal Reserve is expected to lower interest rates on Wednesday as part of an ongoing aggressive effort to spare the economy from the worst effects of a deep 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 cuts US interest rates from 4.25% to 3.5%, to boost confidence after stock market slides.
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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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Goldman Sachs on Wednesday said it expects the U.S. economy to drop into recession this year, prompting the Federal Reserve to slash benchmark lending rates to 2.5 percent by the third quarter.