Investors wait for rate-cut impact on inflation

09/24/2007 | Wall Street Journal, The

The Federal Reserve and the investment world are in a tight spot after last week's bigger-than-expected interest-rate cut by the central bank. The move prompted a stock market rally, but it has also given rise to increased inflation fears. This rate cut may be different from a 1998 rate cut aimed at ending an economic slump, as there is no technology bubble to contend with.

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