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Breaking News Alert
The New York Times
Sunday, March 16, 2008 -- 7:42 PM ET
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The Federal Reserve Cuts Its Lending Rate a Quarter Point

The Federal Reserve announced it was cutting its lending rate
to financial institutions to 3.25 percent from 3.50 percent
to help provide relief to a spreading credit crisis.

Read More:
http://www.nytimes.com/?emc=na

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