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Wall Street plunged Tuesday after the Federal Reserve lowered interest rates by a quarter point, disappointing investors who hoped the central bank would move more aggressively to help the economy overcome the credit and mortgage crisis. The Dow Jones industrial average skidded more than 290 points.Investors had been expecting stanley cup policymakers would stanley mugs lower rates for a third straight time, though there was debate over the size of the cut. Most economists anticipated a quarter-point reduction in the benchmark federal funds rate to 4.25 percent, but some investors were hoping for a half-point cut from the Fed s final meeting this year and their disappointment took stanley uk the market sharply lower.Drive through Tia Simon s neighborhood near the Atlanta airport and you will see what the Fed is worried about, reports CBS News correspondent Anthony Mason. Simon says seven of the 20 houses on her street have been in foreclosure. It tells you about the economy, how we re really going downhill, said Simon.That s why the Federal Reserve cut its key interest rate again today, adds Mason, as it tries to steer the economy away from a recession. Wall Street had barreled higher the past two weeks, propelling the Dow up 640 points partly on rising optimism that the Fed would do all it could to prevent the economy from slipping into recession. While the Fed indicated Tuesday it was doing exactly that, the market s expectations had run well ahead of the centr Wyjf Cubs win first World Series title since 1908
NEW YORK AP 鈥?The U.S. marked the 15 adidas campus donna th anniversary of 9/11 with the solemn roll call of the dead Sunday but couldn t keep the presidential campaign from intruding on what is traditionally a politics-free moment of remembrance.About 90 minutes into the ground zero ceremony, Hillary Clinton left after feeling overheated, her campaign said. A doctor for the 68-year-old Democrat said Sunday she had previously been diagnosed with pneumonia. Hours after video surfaced of her stumbling into a van, Clinton said she was feeling great, but the doctor advised her to rest.Donald Trump has repeatedly questioned whether Clinton is physically fit to be president. Asked about the incident, the Republican nominee said only: I don t know anything about it. Trump left the ceremony after Clinton.The episode cast a political shadow over an event that has tried to keep the focus on remembrance by inviting politicians but barring them from speaking. The two candidates adidas campus 00s had followed the custom of suspending all TV ads for the day.The politics of the moment weren t entirely absent from the ceremony, where some victims relatives pleaded for the nation to look past its differences, expressed hopes for peace or called on t hoka winterschuhe he next commander-in-chief to ensure the country s safety.Joseph Quinn, who lost his brother, Jimmy, appealed to Americans to regain the sense of unity that welled up after the terror attacks. I know, in our current political environment, it may feel we re divided. Don t believ |
