USA 07-11-2002 Fed Stuns Markets With 50-point Rate Cut The US Federal Reserve showed its determination to head off renewed threats of economic weakness by cutting interest rates aggressively on Wednesday after nearly a year on hold. The decision…… 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 #bank#Bank of England#banks#interest rates#risks