Friday, August 17, 2007
News Alert! Fed Lowers Key Interest Rate That Fed Uses For Banks
Date: Fri, 17 Aug 2007 08:28:49 -0400
In an effort to calm recent market turmoil, the Federal Reserve has
lowered by .5 percent the rate it uses to loan money to banks. The Fed
did not change its target for the more important federal funds rate,
which has remained at 5.25 percent for more than a year.
