Stocks Rally, Slide After Fed Rates Cut: ; Trims Expected to Stay Put, Maybe Until End of Year
Charleston Gazette › May 01, 2008
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Summary
WASHINGTON - Scrambling to shore up the faltering economy, the Federal Reserve cut interest rates to the lowest point in nearly four years Wednesday as the nation teetered on the edge of recession.
Wall Street rallied at first but then pulled back, concerned the reduction might be the last for a while.See the full content of this document
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Stocks Rally, Slide After Fed Rates Cut: ; Trims Expected to Stay Put, Maybe Until End of Year
In fact, the Fed's trim was smaller than those of recent months amid indications the central bank might pause to see if months of powerful rate-cutting medicine and billions of dol...
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