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U.S. Fed cuts rate further to prevent recession

Published: 31 January, 2008, 07:43


The U.S. Federal Reserve has cut rate by further 50 basis points... (image from www.ksl.com)

The U.S. Federal Reserve has cut its key interest rate to 3 per cent in an attempt to provide some relief to the volatile financial markets and encourage economic growth. The widely-expected move caused U.S. stocks to initially rally but they reversed tho

 
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