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Fed cuts interest rates
The rate cut was more than the markets originally expected, but was not enough to stop stocks from further decline. This was one of the more substantial cuts in recent history and may indicate that the economic situation is more serious than previously thought. A local professor said this cut could be both good and bad for the average person and will especially affect interest rates for savings accounts.
Video Length: 53
Date Found: March 17, 2008
Date Produced:
View Count: 1
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