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Washington - Fed Keeps Interest Rate Unchanged

Sep 16, 2008 at 02:17 PM

Washington - With turbulence hitting financial markets as a global credit crisis claims heavy weight victims, and given the meltdown in markets, a fed rate cut was predicted by many wall street analysts. However the Federal Reserve today after its meeting decide not to cut interest and leaving the fund rate unchanged at 2.0% The Fed's action came as insurance giant American International...

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