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The Fed's Big Mistake ... Too Much Too Soon

 

Last night I laid out a host of reasons why the Federal Reserve federalreserve would not ease prior to its meeting on Jan. 30-31. Obviously, I should have said why they should not ease, because the Fed dropped its Fed fund rate fedfundsrate a shocking 50 basis points Wednesday, lowering the discount rate by 25 basis points.

Today's Coverage
The Fed's Big Mistake ... Too Much Too Soon
Fed Who? Inktomi Plunges on Earnings Warning
Cramer Special: The Fed's on Your Side Now
Big News From the Fed! What's It Mean for the Long-Term Investor?
Rate Cut Spurs Tech, but Has the Economic Horse Left the Barn?
Nasdaq Soars on Rate-Cut Euphoria
Fed Move Slices into Options Prices, At Least for Today
Pulse: Giddy Tech Investors Give Life to Beaten Up Chip Stocks
Why Did the Fed Cut Rates Today?
Long End of Treasury Market Battered Following Rate Cut
Fed Scorecard

Between bites of crow sandwich and wiping egg off my face, I can't help but come to the same conclusion: That they should not have done this. ...

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