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The Federal Reserve cut a key interest rate by a quarter point Wednesday, bringing the federal funds rate down to its lowest level since late 2004. The move is intended to help address the ongoing housing slump and credit crunch.
By Business Desk
Question/Comment: I inherited some money, retired, and moved to Portland, Ore. Now that I have money in the bank, and the Fed has been lowering interest rates, I've been wondering exactly how our banking system actually works. When the Fed…
As fears of a recession intensified, the Federal Reserve cut the federal funds rate 0.75 percent Tuesday. A finance journalist from the Wall Street Journal discusses the rate cut and the markets' response.
By Admin, PBS NewsHour
The Federal Reserve on Tuesday cut a key interest rate by three-fourths of a percentage point, moving to contain a credit crisis threatening to push the country into a recession.
Wall Street and global financial markets took a dive this week, fueled largely by concerns over a slowing U.S. economy. Economics correspondent Paul Solman explains the wild week on Wall Street, and explores the larger causes behind the turmoil.
President Bush tried to quell concerns over the recent housing slump and credit crunch Tuesday, saying "The basics in the economy are good." Two former treasury secretaries examine the state of the economy and whether the U.S. is facing a…
America's shifting housing market is having a ripple effect on buyers of different income levels and causing some mortgage companies to close. A professor and a market journalist explain the problems with the current housing market.
In a bid to help jump-start the U.S. economy, the Federal Open Market Committee Wednesday unanimously decided on a half-point cut in the federal funds rate.
Federal Reserve officials decided to leave a key interest rate unchanged Tuesday as the nation's economic recovery struggles against an erratic stock market and growing anxiety over a war with Iraq.
The Federal Reserve Tuesday cut a key interest rate by a quarter point, the eleventh cut this year.
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