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Rate Cut Leaves Investors Wanting More; Mortgage Industry Stocks Take a Beating

Dec 11, 2007By

The rate cut nearly everyone was expecting wasn’t apparently enough, with the Federal Reserve dropping its Federal funds target rate 25 basis points to 4.25 percent on Tuesday. While that represented the lowest target rate in two years, investors were clearly expecting the Fed to do more in an attempt to contain housing woes and a mortgage credit crisis that many see as a threat to overall economic stability. Here’s the full FOMC statement.

3d rendering of a row of luxury townhouses along a street

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