Industry News

Fed lowers short term rates 25 basis points

Boston Fed chief urged more drastic cut
Published on Dec 11, 2007

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

An intensification of the housing correction and increased strains in financial markets prompted the Federal Reserve to lower key short-term interest rates today, the third consecutive meeting since September it has taken such steps. The Federal Reserve’s Open Market Committee ...