Global shares plummet as investors get jitters - papers 2 Nov

The US Federal Reserve was forced to pump $41bn (£19.7bn) into the financial system, the largest cash infusion since the September 2001 terrorist attacks, as fears of a fresh round of massive banking writedowns added to concerns on Wall Street and in London. Economists said that a clear signal from the Fed that its quarter-point rate cut on Wednesday may be the last for some months added to investors’ fears that the central bank’s scope to fend off a severe US slowdown may be hampered by its nagging worries over inflation dangers. MORE EVIDENCE OF the slowdown in the economy emerged ye...