Thursday, November 1, 2007

USA Today reports: Fed signals it may be done cutting rates for now

By Sue Kirchhoff, USA TODAY

WASHINGTON — The Federal Reserve cut a key short-term interest rate by a quarter-point Wednesday to 4.5%, but cautioned markets not to count on more reductions.
The central bank said the rate move, along with a half-point cut in September, "should help forestall some of the adverse effects on the broader economy" that could result from housing and financial turmoil, while helping promote "moderate growth."

Read the the rest of the article on USA TODAY...

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