22 January, 2008
The U.S. central bank降息后股市2016年10月22日托福考试真题及答案解析（双语）， the Federal Reserve， has cut the key federal interest rate by three-quarters of one percent, in an effort to boost the troubled U.S. economy and stem a sell-off in global stock markets. The Federal Reserve action puts the new rate at three-point-five percent.
A statement issued by the Fed says it took the action in light of "weakening" economic outlook and tight credit that is hampering business.
Stock markets around the world have been in an accelerated decline for the past two days, as investors worry that a slowing U.S. economy could hurt businesses in the many nations that trade with the United States.