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		<title>Fed cuts rates to head off world recession</title>
		<link>http://www.lselatest.com/2008/01/22/fed-cuts-rates-to-head-off-world-recession/</link>
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		<pubDate>Tue, 22 Jan 2008 15:27:39 +0000</pubDate>
		<dc:creator>John</dc:creator>
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		<description><![CDATA[The United States&#8217; Federal Reserve has intervened dramatically to cut base rates by a whopping 75 basis points or 0.75 percent, indicating that it regards recession as a real threat to the US economy. This is the single biggest cut by the Fed in 20 years. Despite the out-of-synch announcement, the markets are currently less [...]]]></description>
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