Fed rate cut raises inflation fears

09/21/2007 | Los Angeles Times (tiered subscription model)

Tuesday's interest rate cut by the Federal Reserve, which was immediately hailed by investors who fueled a stock market rally, is now giving rise to fears about increased inflation. On Thursday, Treasury bond yields and the price of gold jumped, and the U.S. dollar sank, prompting questions about how effective the Fed's bigger-than-expected rate cut was.

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