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Fed Cuts Key Interest Rate ¾ Point

But Wall Street had hoped for more

By Sam Gale Rosen, Newser Staff

Posted Mar 18, 2008 1:37 PM CDT

(Newser) – The Federal Reserve today cut the federal funds rate by ¾ of a percentage point, from 3% to 2.25%, disappointing many investors who were hoping for a cut of a full point, reports the Wall Street Journal. The Fed voted 8-2 for the rate... Read full story »

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Fed Cuts Key Interest Rate ¾ Point

But Wall Street had hoped for more

Ben Bernanke • Federal Reserve • weak dollar • interest rate cut

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