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S&P expert: Subprime crisis likely to worsen

Story date: 2007-10-09 12:53:00
Added on: 2007-10-09 17:16:54


CNN Money - The Fed cut its benchmark interest rate target by half a percentage point to 4.75 percent last month after a weak August payrolls report and amid the summer doldrums in financial markets. However, the strong September numbers and a revision in the ...


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