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Stocks Plunge After Rate Cut

Investors had hoped for half-point cut

By Sam Gale Rosen, Newser Staff

Posted Dec 11, 2007 3:54 PM CST

(Newser) – Stocks plunged today after the Fed cut a key interest rate by only a quarter-point, Bloomberg reports. Investors who had hoped for a half-point fear the smaller cut won't do enough to stave off a recession. "They're thinking that the Fed doesn't get it,... Read full story »

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Analyst: "There are some players out there who were hoping or estimating they would cut a little bit more"
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stock market • Federal Reserve • interest rate cut

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Stocks Plunge After Rate Cut

Investors had hoped for half-point cut

stock market • Federal Reserve • interest rate cut

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Market Dips as Eyes Turn to Fed

But yesterday's gain hasn't evaporated yet

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