Newsblaster Archived Run Click here to return to today's news. Thursday, May 1, 2008 Articles from 04/28/2008 to 05/01/2008 Last update: 4:46 PM EST
Search for: Offline summarization (match summaries) Hybrid summarization Online summarization Offline summarization (match articles) U.S. World Finance Sci/Tech Entertainment Sports View Today's Images Back to Archive Index About Newsblaster About today's run Newsblaster in Press Academic Papers Article Sources: washingtonpost.com (157 articles) nytimes.com (106 articles) seattletimes. nwsource.com (89 articles) baltimoresun.com (85 articles) ft.com (71 articles) news.bbc.co.uk (69 articles) cbc.ca (67 articles) latimes.com (58 articles) abcnews.go.com (51 articles) boston.com (49 articles) sfgate.com (24 articles) nypost.com (23 articles) politics. nytimes.com (18 articles) cbsnews.com (12 articles) health.nytimes.com (6 articles) suntimes.com (6 articles) weblogs. baltimoresun.com (6 articles) foxnews.com (5 articles) timesonline.co.uk (4 articles) sportsillustrated. cnn.com (2 articles) themoment. blogs.nytimes.com (2 articles) ac360. blogs.cnn.com (2 articles) manhattanmortgage. com (2 articles) entertainment. timesonline.co.uk (2 articles) business. timesonline.co.uk (2 articles) usatoday.com (2 articles)	Fed Cuts Rate but Hints About a Pause Summary from multiple countries, from articles in English The Fed's action brought the federal funds rate - the rate it charges banks for overnight loans - to 2 percent, from 2.25 percent, the lowest level since November 2004. (article 5) Following is the full text of the statement released Wednesday by the Federal Reserve: The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points, to 2 percent. (article 9) The U.S. Federal Reserve did as the market expected and cut its key interest rate by a modest quarter of a percentage point on Wednesday. (article 2) "Economic activity remains weak said a Fed statement, but added that the central bank expects inflation will" moderate in coming quarters " as energy and other commodity prices level off. (article 2) And, we were led to believe, the era of rate cuts that began amid last August's credit crisis would end with Wedneday's rate cut, which brought the Fed Funds rate down to 2 per cent. (article 7) The poor record of economic growth, reported by the Commerce Department on Wednesday morning, reflected what most Americans have been experiencing since late last year - declines in consumer spending, housing prices and business investment, along with spreading unemployment. (article 4) Other summaries about this story: Summary from Canada, from articles in English (1 articles) [compare] Summary from United States, from articles in English (8 articles) [compare] Other stories about Fed, economy and inflation: Stock gains evaporate as Fed leaves investors guessing about rate outlook (4 articles) U.S. economy limps to 0.6 per cent growth rate in first quarter (9 articles) Event tracking: Track this story's development in time Story keywords Fed, economy, inflation, percent, rate Source articles Fed looks to extend debate on liquidity (ft.com, 04/29/2008, 389 words) U.S. Federal Reserve cuts key rate by point (cbc.ca, 04/30/2008, 331 words) Fed cuts another quarter-point off key interest rate (seattletimes.nwsource.com, 04/30/2008, 644 words) Fed Cuts Rates by a Quarter Point, and It Signals a Pause (nytimes.com, 04/30/2008, 775 words) Fed Cuts Rate but Hints About a Pause (nytimes.com, 05/01/2008, 1212 words) Sobering assessment of risks to US economy (ft.com, 04/30/2008, 644 words) The Short View: FOMC statement (ft.com, 04/30/2008, 309 words) FED IS RUNNING OUT OF ROOM TO HELP ECONOMY (NY Post, 05/01/2008, 396 words) Statement on Rate Cut by the Federal Reserve (nytimes.com, 05/01/2008, 320 words) blaster@cs.columbia.edu