Reuters: Fed set to slash U.S. rates as credit turmoil rages

[chris]

Fed set to slash U.S. rates as credit turmoil rages
      

CHICAGO (Reuters) - Faced with a raging credit crisis and an economy that may be mired in recession, the U.S. Federal Reserve looks set to cut interest rates sharply on Tuesday in a bid to avert a possibly severe downturn.
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