Fed Meets As Speculation Builds On Possible Rate Cut : News Photo
Fed Meets As Speculation Builds On Possible Rate Cut : News Photo
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Fed Meets As Speculation Builds On Possible Rate Cut

NEW YORK - SEPTEMBER 16: A Wall St. sign next to the New York Stock Exchange (NYSE) September 16, 2008 in New York City. U.S. stocks continued to drop Tuesday morning for the second consecutive day, following yesterday's Dow Jones Industrial Average plunge of 4.4% or 504 points, being the worst single day loss since the terrorist attacks of September 2001. Today the Federal Reserve is scheduled to announce the target interest rates for the federal funds. It's not clear how the central bank will respond to recent turmoil in the world's financial markets. This comes after news of Merrill Lynch & Co. Inc selling itself to Bank of America Corp, the financial firm Lehman Brothers Holdings Inc. filing for Chapter 11 bankruptcy protection, and insurance giant American International Group Inc. (AIG) attempting to raise capital to stay afloat. (Photo by Spencer Platt/Getty Images)
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Restrictions:Contact your local office for all commercial or promotional uses. Full editorial rights UK, US, Ireland, Canada (not Quebec). Restricted editorial rights for daily newspapers elsewhere, please call.
Credit:Spencer Platt / Staff
Editorial #:82841845
Collection:Getty Images News
Date created:September 16, 2008
License type:Rights-managed
Release info:Not released. More information
Source:Getty Images North America
Object name:55751041
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