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twk000jester

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twk000jester

Re: twk000jester post# 25076

Wednesday, 10/29/2008 9:16:28 AM

Wednesday, October 29, 2008 9:16:28 AM

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The Fed is expected to cut its target fed funds rate by half a percentage point to 1 percent later Wednesday. Markets are also holding out the hope the Bank of Japan would trim its interest rate a quarter percentage point from the already low 0.5 percent.

The European Central Bank and Bank of England are also expected to follow suit and cut borrowing costs at their next scheduled rate-setting meetings next Thursday.

News Link-
http://biz.yahoo.com/ap/081029/world_markets.html

Dollar Danger, Will Robinson! Dollar Danger!


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