The markets have been vascillating between flat and up a touch most of the day. The FOMC minutes were just released, and after a brief dip the markets are again in positive territory.Here is a summary of the comments from the last FOMC meeting:Fed says without cut, tighter credit, housing slump could weaken output, employmentHalf-point cut appropriate to help offset effects of tighter financial conditionsFed says given financial shock, outlook for economic activity highly uncertain,risks skewed to downsideFed sought to avoi[...]
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[Source: The Money Blogs]
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