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Interest rate cuts: what the economists say

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    Interest rate cuts: what the economists say

    Peter Boockvar, equity strategist at Miller Tabak & Co, said that the interest rate cuts showed that global central banks are doing everything they can to stem the financial crisis. "This was another piece of that puzzle. We knew that the Fed funds was pricing in a rate cut," he said. "I guess a shock and awe type move with respect to easing liquidity and improving the current climate was in order. For now its going to work."

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