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Title: Wall Street Slides; Fed Cuts Interest Rates Post by: Sarah on January 22, 2008, 05:38:31 PM Wall Street Slides; Fed Cuts Interest Rates
U.S. stocks headed for a slide at the open on Tuesday as fear of a recession gripped investors, prompting the Federal Reserve to slash benchmark U.S. interest rates by 75 basis points in a surprise intermeeting decision. http://www.informationweek.com/management/showArticle.jhtml?articleID=205907844&cid=RSSfeed_TechWeb |