1. As advised Fed has cut the rate of interest rate by another 0.25% and market has given it a thumbs down as their demand was for a cut of 0.5% cut. Mr Ben Bernanke US Fed Governor is in a tight situation where he has to stop the US economy from plunging into recession.
2. An interesting article from the web regarding impact of US Fed rate cut is a must read to understand the implications of interest rate cuts on the world's largest economy and of course not to forget the rest of the world.
Impact of US Fed Rate Cut
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