March 19, 2008 (vol. 118, iss. 116) • Page Image 3
…The Michigan Daily - michigandaily.com Wednesday, March 19, 2008 - 3A NEWSBRIEFS WASHINGTON Feds cut interest rate for sixth time since September The Federal Reserve slashed a keyinterestrateyesterdaybythree- fourths of a percentage point, mov- ing aggressively to contain a credit crisis threateningto push the coun- try into a severe recession. , The latest action broughtthe fed- eral funds rate - the interest that banks charge each other - ...…