© 2023 90.7 WMFE. All Rights Reserved.
Public Media News for Central Florida
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Fed Cuts Interest Rates by a Half-Point

With economic growth grinding to a halt, the Federal Reserve cut interest rates again Wednesday, this time by half a percentage point.

Just before it did, the Commerce Department reported some dismal growth figures for the end of last year. The economy grew just six-tenths of a percent in the last quarter of 2007.

The Fed hopes its aggressive moves will help avoid a full blown recession.

Copyright 2023 NPR. To see more, visit https://www.npr.org.

Chris Arnold
NPR correspondent Chris Arnold is based in Boston. His reports are heard regularly on NPR's award-winning newsmagazines Morning Edition, All Things Considered, and Weekend Edition. He joined NPR in 1996 and was based in San Francisco before moving to Boston in 2001.
90.7 WMFE relies on donors like you. Your support allows us to provide independent, trustworthy journalism and fact-based content. Show your support today by contributing on a monthly basis or making a single online donation.