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Fed cuts rates, hints at pause

Πέμπτη, 01 Μαΐου 2008 03:32

As expected, the Federal Reserve cut interest rates, but analysts say the Central Bank indicated it may now be on holdThe Fed's action takes the bellwether federal funds rate to 2 percent, the lowest since December 2004. It was the seventh reduction in a campaign that began last September. Speaker: Andrew Jakabovics of the Center for Amercian Progress


Reuters