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Wall St rallies for 2nd day after Fed rate cut

October 6, 2018
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US stocks rose on Wednesday as investors extended a rally a dayafter the Federal Reserve’s bold rate cut, betting that lowerborrowing costs would keep the economy from slowing further andboost profits. (Sydney Morning Herald — 20 September, 2007)
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Equity markets rise worldwide, U.S. stocks climb as tame inflation data encourages investors already buoyed by yesterday’s interest-rate cut. (Washington Post — 20 September, 2007)
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The Federal Reserve cut a key interest rate yesterday in an aggressive attempt to keep turmoil in financial markets from damaging the overall U.S. economy. (Washington Post — 19 September, 2007)
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Central bank cuts interest rate for first time in four years, seeking to prevent housing slump and turbulent markets from triggering recession. (Washington Post — 19 September, 2007)
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The US Federal Reserve today cut its base federal funds rate a halfpoint to 4.75 per cent in the face of housing and credit marketstress that threatens the world’s biggest economy. (The Age — 19 September, 2007)
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Benchmark US interest rates cut for the first time in four years ina bid to buffer economy. (Sydney Morning Herald — 19 September, 2007)
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Stocks were up more than 300 points on the move, a forceful shift intended to limit the damage from the disorder in the housing and credit markets. (New York Times — 19 September, 2007)
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Asian markets advance after the US Federal Reserve cuts interest rates for the first time in four years. (BBC News — 19 September, 2007)
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US inflation fell slightly in August, dipping by 0.1% after a sharp drop in energy prices, figures show. (BBC News — 20 September, 2007)
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PARIS, Aug. 10 — European financial markets continued their sell-offs Friday amid continuing fear of a global credit crunch fueled by problems with U.S. mortgages, and the European Central Bank pumped funds into markets to shore up liquidity for a second day. (Washington Post — 22 September, 2007)
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The Australian sharemarket remained firm at noon, although not asstrong as early morning trade, after the US markets were againboosted by the US Federal Reserve’s aggressive rate cut two nightsago. (Sydney Morning Herald — 20 September, 2007)
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