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Wednesday, September 19, 2007

Federal Reserve Cut Interest Rates By 50 Basis Points

As expected, the Federal Reserve moved aggressively to head off the risk of a sharp slowdown in the US economy on Tuesday 18 Sep 2007, cutting interest rates by 50 basis points to 4.75 per cent. This resulted in global stock markets to soar.

However, I believe the turmoil is yet to be over.

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Do provide your constructive comment. I appreciate that.

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