Faltering Us Economy Drove Fed to Cut Rates

Summary

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WORSENING problems in the housing, credit and financial markets drove the US Federal Reserve to slice its key interest rate yet again in the hope it would help bolster an economy that is rapidly slowing down.

According to minutes from the last meeting on the December 11, mounting economic problems and uncertainty over the outlook mean the Fed is likely to keep all its options open - including further rate cuts.

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Extract

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Faltering Us Economy Drove Fed to Cut Rates

'Although members ag...

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