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Tuesday, December 11, 2007 Fed Gives Rate a Modest Cut The Fed has done it again, cut its interest rate that is. The WSJ reports that the Fed cut its rate for the third time by 25 bps. The only dissenter to the vote was Boston Fed President Eric Rosengren who preferred a half-point cut. Printed from: MFWire.com/story.asp?s=16762 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |