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Message: Fed Cuts Rates to 4.5 Percent

Fed Cuts Rates to 4.5 Percent

posted on Oct 31, 2007 12:08PM

Fed Cuts Rates to 4.5 Percent

Ben Bernanke and the Federal Reserve put through a quarter-point cut to 4.5 percent, which causes the markets to fluctuate but not rise significantly in the aftermath. The Fed cites surging oil prices and the subprime mortgage mess as reasons for the adjustment.

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