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Rescue plan for US loan giants

US Treasury will plough billions of pounds into Fannie Mae and Freddie Mac to stem the crisis at America’s biggest mortgage firms.
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US interest rates held at 2%

The Federal Reserve left US interest rates unchanged at 2% yesterday, ending the most aggressive series of rate cuts in 20 years, as America tries to perk up its flagging economy and avoid a full-blown recession.
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Posted by
Marc Da-Silva
in Ben Bernanke, European Central Bank, ING, James Knightly, Jean-Claude Trichet, News, The Federal Reserve on Thu 26 Jun 2008
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