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Fed Refuses To Bail Out Markets With A Rate Cut

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Despite market turmoil, a plunging stock market, the predictions of many investors and vocal calls for interest rate cuts from traders, the Federal Open Market Committee left its interest rate target at 2 percent this afternoon.
Our favorite take on this was from MarketWatch. "Just as it had over the weekend to Lehman Bros. and AIG, the Fed said, 'No, you are on your own,'" MarketWatch said.
DealBreaker readers correctly predicted this move, with 58 percent voting for that the Fed would hold steady.
Should the Fed have cut? Or was this the right move? Let's do another poll on this. Vote after the jump.

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