You are hereFED cuts rates to 2.0%
FED cuts rates to 2.0%
The Federal Reserve makes a further cut in US interest rates,
reducing them from 2.25% to 2.0%.
It is the seventh rate cut since last September,
when the federal funds rate was cut from 5.25%
to 4.75%.
http://news.bbc.co.uk/2/hi/business/7376060.stm
US economy at a glance
US economic overview
The US economy is poised on the edge of a recession, despite strong intervention by the US central bank and Treasury.
