75 bps
Fed Cuts Funds Rate 0.75 Point
Read the full article: http://biz.yahoo.com/ap/080318/fed_credit_crisis.html
Sorry it took so long to post this article. Surprised no one else has.
The Federal Reserve on Tuesday slashed a key interest rate by three-fourths of a percentage point, moving aggressively to contain a credit crisis threatening to push the country into a severe recession.
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