Inside the Market
Fed takes decisive action
By Active Trader StaffThe major U.S. stock indices and the U.S. dollar rallied in the aftermath of the latest interest-rate adjustment by the U.S. Federal Reserve on March 18 — a 0.75 percent cut (to 2.25 percent) in the fed funds rate.
The initial reaction in the markets might have led many to believe the latest round of the credit-crunch crisis has been eased and that cooler heads are starting to prevail, but the sell-off that concluded the week ending March 28 left things feeling as unstable as ever.
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