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Interest rate cut by 3/4%
3/18/2008 2:45:47 PM

The Federal Reserve cut interest rates by a hefty three-quarters of a percentage point Tuesday as an effort to avoid recession. The Federal Reserve also commented economic outlook has deteriorated, suggesting more rate cuts could be on the way

http://www.usatoday.com/money/economy/2008-03-18-fed-interest-rates_N.htm

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