Fed rate cut pulls down US stock prices - Instablogs
Fed rate cut pulls down US stock prices
Arpita Mukherjee , Kolkata: Sep 9 2008
Made Popular Sep 9 2008
The Federal Reserve cut the Fed rate or the main interest rate by 25 basic points on Tuesday to 4.25%. Contrary to the expectations of most investors, the Fed did not reduce the bank rate by 50 basic points. A disappointed equity market responded by a...
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Tags: Federal open market committee, USA, stocks, inflation
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