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Fed slashes rates by 0.75%

The Federal Reserve has slashed the US’ key interest rate by 0.75% from 1% to just 0.25%.

The board of governors of the Fed’s Federal Open Market Committee unanimously approved the cut and says it has established a target range of the Federal Funds rate of between 0 and 0.25%.

While inflationary pressures have eased it says that with over half a million people losing their jobs in November alone, economic activity has continued to weaken.

To combat the problem the Fed has pledged to employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability.

In particular, the FOMC anticipates that weak economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time.


Affordable housing in the spotlight

Affordable housing is not immune from the downturn and the government is looking at ways to boost it and increase the number of homes available to buyers who are unable to purchase on the open market.

Cheaper funding is round the corner

Lenders will be able to access cheaper funding through the government’s Credit Guarantee Scheme within a matter of days.

Health services

Challenges and opportunities

By Sarah Scott, marketing consultant On 22 February this year the charity Diabetes UK launched a fundraising initiative, #Swim22. They challenged individuals to swim 22 miles over the course of 89 days – a distance that equates to the width of the English Channel. Because of the time period the challenge is spread over, it […]


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