The Federal Reserve cut a key interest rate yesterday by a quarter of a percentage point, its latest step to try to bolster the ailing U.S. economy. But the modest cut came with a strong signal that the Fed's seven-month rate-cutting campaign is probably over for now. -
Fed Cuts and Signals Halt
The Federal Reserve cut a key interest rate yesterday by a quarter of a percentage point, its latest step to try to bolster the ailing U.S. economy. But the modest cut came with a strong signal that the Fed's seven-month rate-cutting campaign is probably over for now.-
By Neil Irwin