Business News - Fed Cuts Discount Rate
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Aug 17, 2007, 8:53:26 PM8/17/07
to Graziadio Alumni Network
NEW YORK (CNNMoney.com) -- The Federal Reserve, reacting to concerns
about the subprime lending crisis that's rocked financial markets in
recent weeks, Friday cut its so-called discount rate half a percentage
point, to 5.75 percent.
about the subprime lending crisis that's rocked financial markets in
recent weeks, Friday cut its so-called discount rate half a percentage
point, to 5.75 percent.
Full article: http://money.cnn.com/2007/08/17/news/economy/fed_rates/index.htm?postversion=2007081716
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