Summary
THE US Federal Reserve last night cut interest rates by 0.25% to 2% amid fears the American economy could be on the brink of recession.
The US economy continued to suffer sluggish growth in the first quarter of 2008 as it battled a housing market slump and weaker consumer spending. Official US government figures showed the world's biggest economy grew just 0.6% between January and March, the same rate as the previous three months.See the full content of this document
Extract
World News Bulletin: Us Cuts Interest Rates Down to 2%
Fed chairman...
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