home homeowners about us contact us  
  

Wednesday, January 30, 2008

Fed stays aggressive, cuts rates a half-point

Move follows last week’s cut in attempt to stabilize economy, markets

Associated Press

WASHINGTON - The Federal Reserve on Wednesday cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point. It signaled that further rate cuts were possible.

Read more at MSNBC.