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Thread: US cuts the interest rates by 75 points
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[quote=JIMMYB,276378]According to the news, US Fed has announced to cut the interest rates by 75 points. In recent six months, US Fed has cut the interest rates six times by 300 points to curb subprime crisis and boost US economy. However, it seems that this method hasn't taken effect. Can interest cuts save US economy? Many people have negative views. They are afraid it might cause serious adverse effect-----inflation. What do you think? Is this means useful?[/quote]
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