The Business Report: Fed cuts rate a half point to prop up U.S. economy (The Wall Street Journal Europe, 19 Sep 2007, Page 1)

Wednesday, September 19, 2007

Fed cuts rate a half point to prop up U.S. economy (The Wall Street Journal Europe, 19 Sep 2007, Page 1)

Fed cuts rate a half point to prop up U.S. economy
By Greg Ip
The Wall Street Journal Europe
19 Sep 2007

The U.S. Federal Reserve cut short-term interest rates for the first time in four years to counter a freeze-up in financial markets that threatens to deepen the housing slump and drag down the U.S. economy. The Fed cut its target for the federal-funds... read more...