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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.
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