Fed lowers key rate a half point
Fed lowers key rate a half point
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In a bold strike, the Federal Reserve slashed a key interest rate by a half point on Tuesday -- the first cut in over four years -- and left the door open to further relief to prevent a painful housing slump and jarring credit crunch from driving the country into recession. |
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News entry number 2470 added on Sep 19, 2007 in the Business News category.
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