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Published: August 18, 2007
Credit gets shot in the arm from Fed
By Don Mecoy
The Federal Reserve rode onto Wall Street this week like the cavalry, wielding cash and rate cuts to ease a credit crunch that has punished stock prices.

For Tulsa portfolio manager Fred Russell , the central bank's rate cut on Friday was a watershed moment.

"Credit is cheap again, and everyone wants to party,” Russell said. "The party is just beginning.”

The central bank cut 50 basis points early ...

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