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The Federal Reserve convened an emergency meeting this morning and cut the Funds Rate 3/4 of a point in an effort to stop the Wall Street crash & burn.
I don't think that there has ever before been a 3/4 point cut in one day.
http://www.msnbc.msn.com/id/22780489
I'd say they're spooked.
GREL
Posted : 22/01/2008 8:35 am