CNN Evening News for Wednesday, Apr 18, 2001
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(Washington: Wolf Blitzer) The reaction of the stock market to the Federal Reserve Board's unexpected lowering of the interest rate reported. Stock Market Report. [Economy.com Mark ZANDI - assesses the signal sent by the Fed.] Income reports from Intel, General Motors Corporation and AOL Time Warner cited. [Economist Diane SWONK - says the Fed will stimulate growth.]
(New York: Lou Dobbs) The Fed's rate cuts this year, the likely scenario for the market and how the cuts will affect the economy by boosting consumer confidence assessed and discussed.
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