Fed Rate Cut
The Federal Reserve has announced a 50 basis point cut in the discount rate to 5.75%.
This news has sent U.S. Stock Index futures soaring, with e-mini S&P 500 futures up over 20 points as of 7:28 AM.
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Posted by Michelle Torres on August 17, 2007 7:42 AM
The Federal Reserve has announced a 50 basis point cut in the discount rate to 5.75%.
This news has sent U.S. Stock Index futures soaring, with e-mini S&P 500 futures up over 20 points as of 7:28 AM.
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