Fed cuts rate to 1% in latest move

Fed cuts rate to 1% in latest move

Published by kidmercuryblog
10-29-2008

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Fed cuts rate to 1% in latest move

This will do nothing but cause more problems. The crap in the market must be purged, the Fed is trying to prop the market up which will not work and will only prolong the problem. -- KM

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Drop in key lending rate aims to ease crisis; second stimulus in the near future.

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