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Old 10-29-2008, 12:45 PM

The Federal Reserve Cuts to 1%!


The Federal Reserves has cut the rate by 0.5%, which takes it down to 1.0% as part of its plan to stimulate a flagging US economy. In anticipation of the rate cut the DOW put on 10% on Tuesday in a classic case of buy the rumour. The day after a rate cut usually results [...]

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