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Fed cuts rates by another quarter point
 
Published by kidmercuryblog
10-31-2007

Fed cuts rates by another quarter point

And predictably, the US dollar fell on the announcement, with the EURUSD exchange rate reaching a new all time high. Stagflation -- the coupling of a stagnant economy with inflation -- is under way, and will continue. -- KM

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The Federal Reserve cut interest rates by a quarter point to 4.5 per cent but warned investors against banking on further monetary easing.

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