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FEDERAL FUNDS RATE DOWN TO 4.5%, DISCOUNT RATE DOWN 5%

With this change, FOMC judges inflation risk and downside risks are roughly balanced. Looks like one and done–not constructive for equities.

This entry was posted on Wednesday, October 31st, 2007 at 2:15 pm and is filed under FOMC. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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