Fed Cuts Rate a Quarter Point; Stocks Dive In announcing the cut, the Federal Reserve signaled its concern that the credit crisis may be damaging the broader economy. The Dow fell nearly 300 points.COMMENT: I am concerned about inflation and the outlook for our economic growth in 2007. The subprime mortgage problems might be making banks and other lenders reluctant to lend not only for housing but for other activities as well. I feel a recession coming on!
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