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Economics Today
Essay specific features
Written by:
Glenn E
Date added:
November 5, 2016
Level:
University
Grade:
A
No of pages / words:
3 / 629
Was viewed:
9371 times
Rating of current essay:
Essay content:
Many other indexes dropped just as sharply after the opening bell and stayed down until the market closed for the day. The losses could have been far worse had the Federal Reserve not cut short-term federal funds interest rates from 3.5% to 3%. It was the Federal Reserves' eighth interest cut this year and the third to occur between scheduled meetings...
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The losses could have been far worse had the Federal Reserve not cut short-term federal funds interest rates from 3.5% to 3%. It was the Federal Reserves' eighth interest cut this year and the third to occur between scheduled meetings.
Major banks, such as the European Central Bank and central banks in Canada and Switzerland also cut key interest rates in what was seen as a coordinated effort to restrict the financial damage of the terrorist tragedies...
displayed 300 characters
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