Fed move underlines fears on hard landing
The US Federal Reserve has cut rates by another 0.5% as fresh economic data showed consumer cinfidenc...
The US Federal Reserve has cut rates by another 0.5% as fresh economic data showed consumer cinfidence weakening sharply to a 10-year low. The speed of the reductions has led some commentators to speculate that Chairman Alan Greenspan may have fears as yet not fully appreciated by the market - such as systemic weakness in the financial system.
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