Taming Inflation
Taming Inflation In a closely watched decision, the US Federal Reserve opted for a larger 50-bps reduction in interest rates yesterday, rather than a more traditional 25-bps rate cut Surging US index futures have sparked rallies across many bourses In Asia, the Nikkei 225 jumped 21% and Hong Kong's Hang Seng added 2%, while in Europe the FTSE 100 is up 12%, helped by its big bevy of global-growth-sensitive commodity plays
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