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Fed cuts rates by 50 basis points by Rachel Koning
The Federal Reserve cut overnight interest rates by 50 basis points Tuesday and
indicated that even lower rates may be needed. The central bank's Federal Open
Market Committee lowered its Fed funds target rate to 4 percent, its fifth
half-percentage point cut this year.
Fed cuts rates by 50 basis points by Rachel Koning
The Federal Reserve cut overnight interest rates by 50 basis points Tuesday and
indicated that even lower rates may be needed. The central bank's Federal Open
Market Committee lowered its Fed funds target rate to 4 percent, its fifth
half-percentage point cut this year.
