© 2024 Iowa Public Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Fed Cuts Rates

NPR's Jim Zarroli reports the Federal Reserve cut short term interest rates by another half percentage point today. It was the fourth cut this year and the second time in this cycle that the Fed cut rates in between regularly scheduled meetings. The stock markets shot up on the news.

Copyright 2001 NPR

Tags