The Federal Reserve cut the rate of reference

In order to avoid the effect as due to the crisis of loans to high risk extends throughout the economy the central bank decides to further reduce the reference rate drops what ¬ 0.25% settling at 4.25%. In the fourth quarter, the Fed recognizes that à ¨ type "solid" economic growth in the U.S. even if c'a ¨ expect some inflationary pressures. On 18 September, the Fed has already lowered the cost of borrowing by 50 basis points and this further cut extends the line taken by the Fed for groped to avoid heavy impact on the world economy of the crisis of the calculator. In contrast, the European currency, after the news of the decision of the Federal Reserve, had a slight decline in the evening but the Euro à ¨ revalued against the dollar to 1.45 to above until toccareil new record of $ 1.4504 .

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