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Fed and Six World Central Banks Make Emergency Rate Cut

The US Federal Reserve and six other central banks cut their overnight lending rates by 50 basis points, over concern about weakening economic conditions.     Bonds, following stock market skepticism over the move, were down despite the cut, pushing rates higher by about .25 the the price. 

One Response to “Fed and Six World Central Banks Make Emergency Rate Cut”

1. Fed and Six World Central Banks Make Emergency Rate Cut | The Stock Capitalist Says:
   October 16th, 2008 at 4:31 pm

   [...] here:  Fed and Six World Central Banks Make Emergency Rate Cut Tagged in: auto-loan-rates, banks-make, daily, emergency, emergency-rate, fed, Finance, [...]