Fed cuts key interest rate
WASHINGTON
The Federal Reserve has cut a key rate by a quarter point, a smaller move than the aggressive easing it undertook earlier this year. The action, announced yesterday, pushed the federal funds rate down to two per cent, its lowest since 2004. (AP)
The Federal Reserve has cut a key rate by a quarter point, a smaller move than the aggressive easing it undertook earlier this year. The action, announced yesterday, pushed the federal funds rate down to two per cent, its lowest since 2004. (AP)
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