Chrysler also lowered its third-quarter target by 5 percent, to 219,000 cars, down 19 percent from last year.
The Bank of Canada has lowered its target for overnight interest rates a quarter percentage point, to 4.25 percent, citing a slowdown in the economy.
Two months later, with Palm in the mid-teens, Mr. Neff lowered his target again.
Since July 1990, the Fed has lowered its target for the overnight rate on bank loans in the Federal funds market by 4.25 percentage points, to 4 percent.
Last week, the Fed indicated that it had lowered its target on the overnight Federal funds rate by one-quarter of a percentage point, to 7 3/4 percent.
After a disappointing effort Public Enemy lowered their target to $75,000.
Since the Fed last indicated in mid-December that it had lowered its target on the overnight Federal funds rate, to 8 1/4 percent, interest rates have moved higher.
The Fed last lowered its target for the overnight rate on bank loans in the Federal funds market in late April, to 5.75 percent.
Meanwhile, there were signs that OPEC would lower its target for oil production, keeping prices high.
The Fed, reacting to the employment data, lowered its target on the overnight rate for bank loans in the Federal funds market on Friday, to 7.25 percent.
