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Wall Street Worries

by NWCN

NWCN.com

Posted on September 16, 2008 at 1:32 PM

Updated Friday, Oct 23 at 9:26 AM

The Federal Reserve has decided to keep a key interest rate unchanged as it uses other tools to try to assist the troubled financial system.
Stocks, which initially turned lower again after the announcement, moved back into positive territory in late afternoon trading.
The central bank said it was keeping its target for the federal funds rate, the interest that banks charge on overnight loans, unchanged at 2 percent.
Earlier today, the Fed pumped an additional 50 billion dollars into the financial system through open market operations.

How has the market shake up affected how you manage your money?

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