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."
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Thursday, November 1, 2007
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