Fed Drops Rate Half-Point to 3 Percent; Fed Statement Translated

The Federal Reserve (Fed) lowered the Fed Funds Rate today by a 1/2 point to 3 percent. This is the second interest rate cut in a week, as the Fed made a surprise 3/4 point rate cut last week in an effort to stave off recession. The following is … [Read more...]

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Fed Lowers Interest Rates in Surprising Move

The Federal Reserve (Fed) lowered the Fed Funds Rate today by 3/4 point to 3.5 percent, in the biggest cut in 18 years. It was a surprising move in that the group is scheduled to meet next week, when they were widely anticipated to lower rates. … [Read more...]

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