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Fed Befuddles Market

Stock quotes in this article: C , MER , WM , BAC  

What does it mean to ease monetary policy?

Don't ask the Federal Reserve, because it seems slightly unsure at the moment.

On Tuesday, traders sold stocks and bought bonds, believing the Fed was not willing to ease key interest rates enough to relieve credit market pressures. Less than 24 hours later, the message from the Fed is the reverse, but through enhanced liquidity injections -- and all in the name of stabilizing financial markets. ...

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