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US Fed cuts 50 points off lead rate

earthtimes.org » 2008 » October » 8th » US Fed cuts 50 points off lead rate

Tagged: us business

Washington - The US Federal Reserve announced Wednesday a 50 basis points cut in its federal funds rate, to 1.5 per cent, in a move coming simultaneously with rate cuts by leading banks in Europe. The move comes in a bid to ease monetary conditions i … Continue Reading »

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