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Market drops before US rate decision

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  • #1

    Market drops before US rate decision

    US stocks fell overnight as investors feared that any boost to the economy from an expected Federal Reserve rate cut later in the day would be short-lived as the central bank may soon have to reverse course to respond to signs of rising inflation.

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  • #2
    European stocks fall on rate decision

    EUROPE'S main stock markets closed lower overnight as investors digested more bad news for the banks from the US subprime crisis ahead of a key US decision on interest rates, dealers said.

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