Ft Lauderdale Lifestyle Blog

The Federal Reserve walks the walk

After weeks of adding liquidity to turbulent financial markets by means of temporary loans, the Fed on Friday cut the rate at which it lends to banks by half a percentage point, triggering a huge rally in stocks at the open. That rally eased off a bit as the day wore on and investors debated whether the move would be enough. Read about analyst reaction to the Fed's discount rate cut.


Posted by Eileen Kedersha on August 19th, 2007 8:09 AMPost a Comment (0)

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