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  • Fed slashes rate near zero

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Fed slashes rate near zero

Policymakers made other bold steps, including plans to purchase assets in the market in order to raise prices and lower yields, which should lower borrowing costs for corporations and prospective mortgage holders. The key Fed Funds rate now sits at its lowest point since 1954. Speaker: Fred Dickson, chief market strategist, D.A. Davidson Conway Gittens reports from New York.

Reuters | December 16, 2008Watch more videos from Reuters

Tags:. .gittens. .policymakers. .dickson. .conway. .yields











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