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IPFS News Link • Economy - Economics USA

Fed drops interest rate below rate of inflation

1-30-2008 • AP

The Federal Reserve cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point. It signaled that further rate cuts were possible. The Fed action pushed the funds rate to 3%.

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Reported By Powell Gammill

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Fed drops interest rate below rate of inflation

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