Saved by Zero? Fed Slashes Rate to Historic Low

In a bid to bolster the country's ailing economy, the Federal Reserve System is cutting its benchmark interest rate to its lowest level ever. The Fed's Open Market Committee announced this afternoon that it is setting the target at a range from 0 to 0.25 percent. The move marks the first time the Fed has set a range instead of a single target. Is Your Adjustable-Rate Mortgage About to Reset? Tell ABC News The historic decision was paired with pledges by the Fed to "employ all available... Full Story