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Reuters: Wall Street rallies on Fed's rate cut

Started by chris, December 16, 2008, 11:59:22 PM

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chris

Wall Street rallies on Fed's rate cut
      


NEW YORK (Reuters) - Stocks rallied on Tuesday after the Federal Reserve rewrote its playbook by slashing borrowing costs to a record low, even zero, and pledging more unconventional steps to fight the deepest recession in generations.<div class="feedflare">
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