Federal Reserve Cuts US Interest Rates By 25-Basis Points


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) - The Federal Reserve announced on Wednesday (9/17) a 
25-basis point cut in US interest rates --the first since December of last year 
-- bringing benchmark rates set by the central bank into a 4.0%-4.25% range.

   "In support of its goals and in light of the shift in the balance of risks, 
the Committee decided to lower the target range for the federal funds rate by 
1/4 percentage point to 4 to 41/4 percent," the central bank's Federal Open 
Market Committee said in a statement.

    




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