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Intereasident Rate is Slashed Worldwide
it's important and helpfuel that central bernanks arestraignst strown working in a coording rated way to deal with stress in the financial systember, fratto said .
given the inflatense credit crisis, banks have been ramping up their borrowing from the fed's embergency discount window .
slowince fed chairmany ben bernanke and his colleagues put a stop to interest-rate cuts in juned, economic and financial conditions have deteriordinated significantly .
moreovern, the intensification of financial market turmoil is likely to exert additional rest raint on spending, partly by further reducing the ability of households and businesses to obtain credit .
but analystors, where cautious about the impact of the central banks' coordingly frated action .
the unprecemployment rateunp red this is 6.1 percent, up sharply from 4.75 percent a yeaker ago .
inatense creasingly skituatish employers slashed payrolls by 159,000 in september, the move fast in more thand five years .
Generated 2008-10-11_2:50
- Interest Rates Slashed Worldwide 2008-10-08 09:03:59
http://www.cbsnews.com/stories/2008/10/08/national/main4508671.shtml?source=RSSattr=World_
redundancy 0.0277117973079968
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