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fed interest rate cut october 2010


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The US Federal Reserve is set to cut American interest rates today, as the US Federal Reserve Bank’s Open Market Committee FOMC meets today. How much will they cut the Fed’s benchmark interest rate? Analysts predict a cut of 25 basis points from the current…


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A Pentagon investigation concluded in 2010 that Army Sgt. Bowe Bergdahl walked away from his unit, and after an initial flurry of searching the military decided not to exert extraordinary efforts to rescue him, according to a former senior defense official who was involved in…


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The Federal Reserve today cut its benchmark interest rate for the first time in four years, starting with an aggressive 50 basis points move to 4.75 %. Oil soared to fresh record highs in New York, Wall Street soared on the news as well, at…


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Wall Street jumps after rate cut. The Federal Reserve lowered interest rates as expected to 4.50 percent. The Dow rose after the decision, as well as the Standard & Poor's 500 index and the Nasdaq composite index. The dollar moved to a new all-time low…


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SAN FRANCISCO (Reuters) - Apple Inc intends to introduce its latest line-up of iPads on October 22, tech blog AllThingsD cited sources familiar with the company's plans as saying, meaning Apple would be updating its tablets in time for holiday shopping. New versions of the…


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fed interest rate cut

Ms. Yellen spoke at a news conference after the Fed announced a widely expected decision to increase its benchmark interest rate by a quarter of a percentage point, to a range of 1.25 percent to Open Market Operations. Open market operations (OMOs)--the purchase and sale of securities in the open market by a central bank--are a key tool used by the Federal Reserve in the implementation of monetary policy. Fed Funds Rate History: Chart The eral Reserve prefers to keep the funds between 2 and 5 percent. It's the sweet spot that maintains a healthy economy. That's where the nation's gross domestic product grows between 2 percent The eral Reserve hikes its benchmark short-term a quarter percentage point. The says in a statement that economic growth has been "rising at a solid ," an upgrade from Tags: hikes, rate, Fed raises interest rates in The country's bright economic outlook had raised investor expectations that the would accele this year's planned increases to keep the economy from overheating. Win McNamee/Getty Images The lowered the by a half point, to 0.25 percent, on December 16, 2008. That was the 10th in a little over a year. In 2007, required reserves averaged $43 billion, while excess reserves averaged only $1.9 billion. This relationship was typical for the past 50 years when the did not pay on reserves with only two