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.

Fed Cuts Rates

Fed Cuts Rates

Only Available in Archive Formats.

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.