September 17, 2001

Fed cuts rates half a percent

Author: JT Smith

Reported at CNET News.com: "The Federal Reserve's Open Market Committee has cut interest rates by half a
percentage point, a move intended to help shore up the markets. The move had been widely anticipated. Stocks are expected to open sharply lower Monday,
almost a week after the terrorist attack on the World Trade Center and the Pentagon. European
markets have fallen about 10 percent since the attack. Lower interest rates generally boost
spending."

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