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Reuters: Fed lowers rates, hints cuts may be at end

Started by chris, May 01, 2008, 12:05:04 PM

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chris

Fed lowers rates, hints cuts may be at end
      


WASHINGTON (Reuters) - The Federal Reserve lowered interest rates by a modest quarter percentage point on Wednesday, as expected, and hinted the move could be the last in a series meant to buffer the economy from a credit crunch and housing downturn.
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