Monday, April 28, 2008

Fed Expected to Cut Rates to 2%

Just ahead of a meeting of Federal Reserve policy makers this week, the widely shared consensus is that the Fed will most likely cut its benchmark short-term interest rate to 2 percent from 2.25 percent, signaling that while financial markets have stabilized somewhat, concerns about an U.S. economic downturn remain paramount.

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6-2-2026

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