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The Federal Reserve announced Tuesday that it would hold the Fed funds target rate at 2.00%, causing markets to sell off. Some economists viewed the decisions as a sign of strength; others were critical of the Fed's "weak" response to dangerous market turmoil. Brian Bethune, chief U.S....
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The Federal Reserve slashed benchmark interest rates by a half point in an agressive move to prevent the economy from moving into recession and to ease the pains of the housing bubble. The decision to cut the overnight federal funds rate from 5.25% to 4.75% was unanimous. This is the lowest level since...