Fed Rate Cut Sought by Wall Street Would Have Only Limited Impact on Housing, Banking Sectors (Canadian Business)
Story date: 2007-10-31 01:25:34
Added on: 2007-10-31 14:00:21
Alan Zibel October 31, 2007 - 2:20 p.m. WASHINGTON (AP) - The Federal Reserve's cut of a key interest rate Wednesday is unlikely to boost hard-hit banks and homebuilders much in the near term, analysts say.
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