GLOBAL MARKETS-Stocks dive as Fed & co fail to calm panicky markets
Stock markets were
routed and the dollar stumbled on Monday after the Federal
Reserve slashed U.S. interest rates in an emergency move and its
major peers offered cheap U.S. dollars in a bid to prevent
global lending markets seizing up.
routed and the dollar stumbled on Monday after the Federal
Reserve slashed U.S. interest rates in an emergency move and its
major peers offered cheap U.S. dollars in a bid to prevent
global lending markets seizing up.
Posted by Reuters
