Wednesday October 28, 2020

Fed goes for compromise option to calm traders’ jangling nerves

Reluctant to cut interest rates for fear of increasing inflation, the US Federal Reserve cut discount rates on Friday in an attempt to bring some calm to the world’s financial markets, writes Niall Stanage in New York.

18th August, 2007

Reluctant to cut interest rates for fear of increasing inflation, the US Federal Reserve cut discount rates on Friday in an attempt to bring some calm to the world’s financial markets, writes Niall Stanage in New York.

The US Federal Reserve (Fed) finally stepped in last Friday to try to calm world financial markets at the end of one of the most turbulent weeks in recent memory.

The Fed cut its discount rate...

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