[iwar] FED cuts rate 1/2 point as emergency measure... markets still go down

From: Fred Cohen (fc@all.net)
Date: 2001-09-17 07:24:08


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From: Fred Cohen <fc@all.net>
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Date: Mon, 17 Sep 2001 07:24:08 -0700 (PDT)
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Subject: [iwar] FED cuts rate 1/2 point as emergency measure... markets still go down
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8:43 AM Monday, September 17, 2001

Fed Cuts Rates 1/2 Point The rate cut was the eighth this year in the Fed's
effort to stave off a recession. The Fed's Open Market Committee acted in
advance of its regularly scheduled interest-rate session, Oct. 2.

Meanwhile, at10:00 the markets were way down.

--This communication is confidential to the parties it is intended to serve--
Fred Cohen		Fred Cohen & Associates.........tel/fax:925-454-0171
fc@all.net		The University of New Haven.....http://www.unhca.com/
http://all.net/		Sandia National Laboratories....tel:925-294-2087


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