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Fed Cuts Rates by 75 BP — More to Come

Posted by kim carpenter on January 22, 2008
| 0

• The Federal Reserve Open Market Committee (FOMC) announced a 75 basis
points cut
in its Fed funds rate target this morning at 8:23 a.m. EST. The target
Fed funds rate is now 3.50%. The Fed also cut its discount rate by 75 bps.

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