P502 Teletext 505 Oct16 21:01:01    ———————  ————————————————  FEDERAL RESERVE CUTS RATES The Federal Reserve cut US short-term interest rates by 0.25% citing "growing caution by lenders and unsettled conditions in financial markets". Results were immediate with the Dow Jones closing up by over 330 points. In recent years, it has been rare for the Federal Reserve to change interest rates in between scheduled meetings. The fact that it did is a clear sign of growing concern about the economy. ——————————————————————————————————————— Share index 510 Market report 517 IT RECRUITMENT ADVERTISING p631 Next City index Shares Family Finance