Fed Cuts Rate Half Point, and Stock Markets Soar

Fed Cuts Rate Half Point, and Stock Markets Soar

By EDMUND L. ANDREWS

The Dow gained 2.5 percent after the Fed's forceful move, which was intended to limit the damage

from the disorder in the housing and credit markets.

• The Fed's Move Helps Mood, in U.S. and Asia | Producer Prices Fell 1.4% in August
• Will the Fed Reverse the Housing Slump?
• Times Topics: Mortgages and the Markets | Ben S. Bernanke

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