US Stocks Dive After Fed Cuts Rates
Associated Press
Dec. 11, 2007. 10:12 PM EST
The Federal Reserve cut a key interest rate by a quarter of a percentage point, hoping to stimula... More »
The Federal Reserve cut a key interest rate by a quarter of a percentage point, hoping to stimulate an economy some fear is on the brink of a recession. But stocks plunged and Wall Street was disappointed the Fed did not act more aggressively. (Dec. 11) « Less
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