| Fed cuts rates by 75 basis points |
| Krishna Guha & Michael Mackenzie / London/New York March 19, 2008 |
| The US Federal Reserve on Tuesday cut interests rates by 0.75 points from 3 per cent to 2.25 per cent. The cut initially disappointed markets which had risen sharply on hopes of a 1 percentage point cut. |
| In a statement the Federal Open Market Committee said: |
