The Federal Reserve cut interest rates for the first time in more than four years by 50 basis points to 4,75%. The broad market reacted well on the news and rallied in the last two hours of trading. Volume increased compared to the last weeks showing some strength behind the move. The day after the Fed decision tends to reverse the prior days direction, so do not be too much aggressive now thinking you are missing the train...I will post the CPI numbers, as usual, [...]
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[Source: The Money Blogs]
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