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Federal Reserve Cuts Funds Rate by 1/4 Percentage Point

December 11th, 2007 · No Comments

By Andrew
The US Federal Reserve voted today to cut its funds rate by 1/4 percentage point to 4.25%. The cut, the third this year, disappointed Wall Street which sent the markets tumbling. The Dow fell nearly 300 points or 2.14% to 13,433, the NASDAQ fell 2.45% and the S&P 500 2.53%. The Fed also cut [...]

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Tags: Market Commentary