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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Showing posts with label Fed cut interest rates may be done. Show all posts
Showing posts with label Fed cut interest rates may be done. Show all posts
Thursday, November 1, 2007
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