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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.
By Edmund L. Andrews and Vikas Bajaj / The Bulletin
October 30, 2008
WASHINGTON — The Federal Reserve lowered its benchmark interest rate by half a percentage point on Wednesday, its second big rate cut this month, as policymakers tried to fend off what could be the worst economic downturn in decades.
The move brought the target rate for federal funds....
