Fed leads round of global rate cuts - Stocks & economy- msnbc.com

Fed leads round of global rate cuts - Stocks & economy- msnbc.com: "The Fed reduced its key rate from 2 percent to 1.5 percent. In Europe, which also has been hard hit by the financial crisis, the Bank of England cut its rate by half a point to 4.5 percent and the European Central Bank sliced its rate by half a point to 3.75 percent."