Stocks cheer latest cut in rates
By: Art Of Saving Home Loans Views: 6006 | Comments: 0 | Votes: 0
By Barbara Hagenbaugh, USA TODAY WASHINGTON — The Federal Reserve, battling recession and a fearsome credit crunch, cut interest rates by a hefty three-quarters of a percentage point Tuesday and said the economic outlook has deteriorated, suggesting more rate cuts could be on the way. The cut matched the most aggressive move since they began targeting the rate in 1990. More