Posts Tagged ‘rate cut’

Fed Lowers Fed Funds Rate to Historically Low 1%

October 31, 2008

The 10 brilliant minds who make up the Federal Reserve met yesterday to once again discuss the state of the economy and determine the action needed by them to aid a struggling American economy. In an aggressive move, they lowered another 1/2 percent, resulting in a historically low 1% Fed funds rate. The Fed funds [...]

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