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Topic: Business
Number of pages / Number of words: 2 / 335
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On Tuesday, December 11, 2007, the Fed’s cut interest rate by a quarter percentage point, to 4.25%, this not long after two other rate cuts earlier this year. This rate cut should help keep adjustable-rate mortgages affordable, which may help the housing slump.

In conjunction with this cut, the Fed also lowered its discount rate, the interest rate it charges banks for loans, by a quarter percentage point, to 4...


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On Tuesday, December 11, 2007, the Fed’s cut interest rate by a quarter percentage point, to 4.25%, this not long after two other rate cuts earlier this year. This rate cut should help keep adjustable-rate mortgages affordable, which may help the housing slump.

In conjunction with this cut, the Fed also lowered its discount rate, the interest rate it charges banks for loans, by a quarter percentage point, to 4...


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