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January 30, 2008

Federal Reserve Makes Second Rate Cut in January

Federal Rate Cut

Continuing on their efforts to stave off a recession, the Federal Reserve made their second rate cut to the federal funds interest rate in just over a week. The Fed further reduced the funds rate by half a point bringing it to 3% from 3.5%.

So as a potential borrower, what does the Fed's rate cut mean for you? Read more from our article, Understanding the September 2007 Federal Rate Cut.

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