Looking For Market Distribution? Download the Media Kit
The Federal Reserve has cut its key interest rate from 2.25% to 2.0% as it aims to avoid a possible US recession.
Published on April 30, 2008
It is the seventh rate cut since last September, when the federal funds rate was cut from 5.25% to 4.75%.
The economy has been hit by a housing market downturn and some analysts believe it is already in recession.
This the seventh cut from the Fed since September.
Are you retail Agent Looking for a Quote?
