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FOMC Cuts, Outlook Unclear

Discussion in 'Fundamental Analysis' started by ActionForex.com, Apr 30, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The dollar was mixed following the FOMC's announcement to cut rates by 25-basis points to 2.0%. The Fed reiterated that economic activity remains weak, while "household and business spending has been subdued and labor markets have softened further". The Fed expects lingering tight credit conditions and the "deepening housing contraction"...

    complete article here...

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