Fed cuts rates by quarter point

The Federal Reserve cut interest rates on Wednesday, but said the risk of inflation was roughly equal to downside risks to growth, suggesting further rate reductions are far from a sure bet. The decision by the central bank's Federal Open Market Committee to lower the overnight federal funds rate by a quarter-percentage point to 4.5 percent was widely expected in financial markets. In announcing its decision, which follows an aggressive half-point reduction in rates made last month, the policy-setting Federal Open Market Committee said its actions should put the economy on better footing and had brought inflation and growth risks into rough balance.

Click here to enter the Tampa Realtors MLS (updated daily)
Register to receive an email every morning of today's new listings
Visit my website or contact me by email