Industry News

Fed cuts federal funds, discount rates again

25-basis-point cuts less severe than last month
Published on Oct 31, 2007

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by CareyBot

The Federal Reserve today lowered its target rate for the federal funds rate to 4.5 percent and slashed the discount rate to 5 percent. The 25-basis-point reduction in both short-term rates was less drastic than similar action the Fed took ...

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