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In the News:
Associated Press Portfolio manager Axel Merk tells Associated Press that an interest rate cut does not help those who need access to credit. "The market is also nervous that a quarter-point or half-point reduction in the target fed funds rate may not help the credit and housing markets. It's not the price of borrowing that's deterring investors, many say; demand has waned because of worries about the quality of the underlying assets. [...] |
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