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Summer Blues

ON SEPTEMBER 18, Federal Reserve Board chairman Ben Bernanke gave investors an unexpected gift -- a 50-basis-point cut in the federal funds overnight lending rate.

ON SEPTEMBER 18, Federal Reserve Board chairman Ben Bernanke gave investors an unexpected gift -- a 50-basis-point cut in the federal funds overnight lending rate. They had been hoping for such a bold move since mid-August, when the Fed slashed its discount rate by 50 basis points to inject liquidity

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