U S Federal cuts lending rate 1.5%

To prevent the further worsening of International Markets and today before opening of U S Stock Markets, U.S Federal has announced that it cut lending rate by half of a percentage point to 1.5%. The European Central Bank has reduced its key rate to 3.75% from 4.25% and the bank of Englnad cuts it benchmarket rate to 4.5% from 5%. (thebullishtrends)