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Business
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Published: October 31 2007 18:16 | Last updated: November 1 2007 01:01
The US Federal Reserve cut interest rates by a quarter of a point to 4.5 per cent on Wednesday, but warned investors against banking on further monetary easing, sending short-term government bond yields soaring.
The central bank??s Federal Open Market Committee signalled that it was shifting to a neutral stance on future rate cuts, saying ?°the upside risks to inflation roughly balance the downside risks to growth?±...
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Published: October 31 2007 18:16 | Last updated: November 1 2007 01:01
The US Federal Reserve cut interest rates by a quarter of a point to 4.5 per cent on Wednesday, but warned investors against banking on further monetary easing, sending short-term government bond yields soaring.
The central bank??s Federal Open Market Committee signalled that it was shifting to a neutral stance on future rate cuts, saying ?°the upside risks to inflation roughly balance the downside risks to growth?±...
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