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Article: A Quarter-Point Cut, But Is It the Last?(Federal Reserves; federal funds rate)(Brief article)
- Article from:
- U.S. News & World Report
- Article date:
- October 31, 2007
- Author:
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Copyright informationCOPYRIGHT 2007 All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Kirk Shinkle
The Federal Reserve on Wednesday lowered its federal funds rate by a quarter-percentage point to 4.5 percent, wrapping up a two-day meeting that had investors on their toes. As expected, it reduced the rate banks charge one another on overnight loans while also chopping a similar amount off the discount lending rate it offers banks directly.
While noting solid growth in the current economy and lessening strain in financial markets, the Fed's closely watched post-meeting statement was both gloomy on the way forward and coy about future rate reductions.
Predicting that "the pace of economic expansion will likely slow in the near term, partly ...
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Article: U.S. Fed Reserve leaves funds rate unchanged.(BUSINESS)
The Record (Kitchener, Ontario);
August 6, 2008 ;
330 words
......keeping its target for the federal funds rate, the interest that banks charge...decision has been widely expected by financial markets. Shortly after the Fed announcement...believe the Fed will leave the funds rate at two per cent for the rest...
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