Fed cuts US interest rates amid fears of slowing growth

Story date: 2007-10-31 05:20:00
Added on: 2007-10-31 19:00:29

New Straits Times - The Federal Reserve cut US short-term interest rates Wednesday in a widely anticipated move, saying it had acted amid ... relief to ailing credit markets which have tightened as major commercial banks have sustained hefty losses tied to mortgage ...


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