Will interest rate cut be enough to prop up the economy? (USA Today)
Story date: 2007-12-14 09:01:12
Added on: 2007-12-14 09:39:15
The Federal Reserve cut interest rates by a quarter-percentage point Tuesday to the lowest level in nearly two years in a bid to prop up a shaky economy and prevent a serious credit crunch from stifling consumer and business lending.
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