Federal Reserve cuts interest rates as markets react in New York

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Federal Reserve cuts interest rates as markets react in New York

The "Wall Street" sign is seen with the flags that decorated the facade of the New York Stock Exchange as stocks rebound a bit from their early morning plunge after the news that the Federal Reserve has cut interest rates by .75 percentage point as recession fears grow in New York City. (UPI Photo/Monika Graff)...

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