IT USA 26-06-2003 US interest rates cut to 45-year low: Fed decides that deflation is the real threat as it tries to spur post-war recovery The Federal Reserve last night signalled that it would not risk Japanese-style deflation gripping the world’s biggest economy when it cut interest rates in the United States to their lowest… Sign in or Upgrade to Continue Reading This news article is over 10 days old. Subscribe today to access all articles with an annual subscription. Become a member Learn more Already a subscriber? Log in here