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By acting between scheduled meetings to cut interest rates and by opting to cut rates by half a point rather than by its more normal increment of a quarter point, the Fed has actually alarmed many analysts and investors.
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We'll send your vote to your congressional representative and senators.
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With growing concerns among investors and consumers about the slowing economy and dropping stock prices, the Fed’s move was designed to send a strong signal to the markets in order to boost confidence. It was a smart step, not a bad sign.
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