The US Federal Reserve has cut its benchmark interest rate by 0.25 percentage points on Wednesday to 2 per cent.
This is the lowest level since November 2004 and comes amid continuing concerns of an economic downturn in the United States. The central bank's decision came after the government reported US growth at an annual rate of 0.6 per cent in the first quarter of 2008. The Fed said the "substantial" cuts in the federal funds rate should help improve the Further cut in US interest rates ...
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(Deutsche Welle)
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