Fed reduces benchmark rate to as low as zero

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In strong step to fight worsening economy, Fed cuts key interest rate to zero for first time .

The Federal Reserve, urgently rewriting its playbook to fight a deepening recession, cut its benchmark interest rate to as low as zero Tuesday, a surprisingly strong step that should make it cheaper for Americans to borrow on credit cards and pay their mortgages.

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原帖由 無法笑 於 2008-12-17 09:13 AM 發表
In strong step to fight worsening economy, Fed cuts key interest rate to zero for first time .

The Federal Reserve, urgently rewriting its playbook to fight a deepening recession, cut its benc ...

For the first time, the Fed created a target range for its funds rate, putting it at zero to 0.25 percent. That was a dramatic reduction from the previous rate, which was an already low 1 percent.

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DOW   8,924.14   + 359.61   Up 4.20%

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美聯儲將利率水準從１％下調到零至０．２５％, 去年９月利率為５．２５％.

美聯儲當天還決定將貼現率即商業銀行向聯邦儲備銀行舉借短期貸款時支付的利率下調０．７５個百分點，從１．２５％下調到０．５％。

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