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The Federal Reserve, the U.S. central bank, on Wednesday cut short-term interest rates in an effort to boost the slowing economy. VOA's Barry Wood reports it was the eighth cut in the overnight federal funds rate in the past year. United States Fede
SEOUL, Oct. 14 (Xinhua) -- South Korea's central bank on Thursday decided to leave the key interest rate at the current level of 2.25 percent for the third straight month. In its monthly monetary(货币的) committee meeting, the Bank of Korea re
Unemployment Remains Key Factor for US Voters Jobless Americans are concerned about the high unemployment rate. If Mitt Romney gets into office he is going to have to get these young black men and old black men jobs, said Jeff Smith, who currently is
BEIJING, Mar. 18 (Xinhuanet) -- Urbanization will be a major feature of China's economic growth and continue to gain momentum, Liu He, Party chief of the Development Research Center of the State Council, said on Saturday. At the China Development For
U.S. and European central banks have in unison cut their interest rates by half a percentage point. The coordinated move is aimed at bringing some stability back to the shaky global economy and slumping stock markets. For VOA, Tom Rivers reports fro
Officials at the U.S. Federal Reserve have scaled back forecasts about how much they are likely to raise borrowing costs this year. They say the weaker global growth picture is changing their calculations. For now the U.S. Federal Reserve is not rais