29 Oct
Posted by igor in Business, Current Affairs, Newswire, technology (Central bank, Consumer Confidence Index, Dow Jones Industrial Average, Economics, Federal Reserve, Federal Reserve System, United States, US Federal Reserve)
The US Federal Reserve bank has cut its interest for the second time this month, bringing it down another 0.5% to it’s lowest level seen since June 2004, 1%. This has been done in order to spur economic activity among largely stagnant consumers. The rate is used for a number of key measures, including what [...]