A three Quarter Rate Reduction...Feds make another cut
Fed Cuts Interest Rate
By MARTIN CRUTSINGER –34 minutes ago
WASHINGTON (AP) — The Federal Reserve, confronted with a global stock sell-off fanned by
increased fears of a recession, slashed a key interest rate by three-quarters of a percentage point on
Tuesday and indicated further rate cuts were likely.
The surprise reduction in the federal funds rate from 4.25 down to 3.5 percent marked the biggest one day rate move by the central bank since it cuts its discount rate by a full percentage point in December 1991, a period when the country was struggling to get out of a recession.
Let's go home shopping today!
Kim, your real estate shopper
404 437 9882
kimtullis@kw.com
By MARTIN CRUTSINGER –34 minutes ago
WASHINGTON (AP) — The Federal Reserve, confronted with a global stock sell-off fanned by
increased fears of a recession, slashed a key interest rate by three-quarters of a percentage point on
Tuesday and indicated further rate cuts were likely.
The surprise reduction in the federal funds rate from 4.25 down to 3.5 percent marked the biggest one day rate move by the central bank since it cuts its discount rate by a full percentage point in December 1991, a period when the country was struggling to get out of a recession.
Let's go home shopping today!
Kim, your real estate shopper
404 437 9882
kimtullis@kw.com
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