The Federal Reserve slashed U.S. interest rates by a hefty three-quarters of a percentage point, the biggest rate cut in more than 23 years, in an emergency bid to lend support to a U.S. economy some fear is on the verge of recession.
Your Comments (Up to 1100 characters):
CNBC welcomes your contribution. Please respect our community and the integrity of its participants. CNBC reserves the right to moderate and approve your comment.
Your comments have not been posted yet.
Please review your submission to make sure you are comfortable with your entry.Your Comments:
The Fed could begin slowing its efforts to maintain record-low long-term interest rates as early as summer.
The sales pace is back to what it was during the housing boom in 2005 and 2006.
Markets were expecting Fed Chair Ben Bernanke to strike a dovish tone in Congress, and he did not disappoint.
U.S. home sales rise slightly to 4.97 million in April, highest in 3 1/2 years as inventories jump.
