To the Point
The Fed Lowers Interest Rates
Despite strains in the housing and credit markets, the economy picked up speed this summer, growing at 3.9%, the fastest rate in one and a half years. Nonetheless, the Federal Reserve was widely expected to lower interest rates at today's meeting and it did— by.25% to 4.5% . We find out why from Peter Coy, economics editor at BusinessWeek .
By Warren Olney • • 1 min readDespite strains in the housing and credit markets, the economy picked up speed this summer, growing at 3.9%, the fastest rate in one and a half years. Nonetheless, the Federal Reserve was widely expected to lower interest rates at today's meeting and it did—by.25% to 4.5%. We find out why from Peter Coy, economics editor at BusinessWeek.
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The full episode
3 of 3Presidential Politics: Eight Weeks from the Starting Line- 1:29Suspects in Madrid Subway Bombing Sentenced
- 7:22Presidential Race Livens Up on Both Sides
- 43:58The Fed Lowers Interest RatesYou’re reading this