Wall St. off lows after Fed cut

January 22, 2008

The Fed's action took the key federal funds rate, which governs overnight lending between banks down to 3.5 percent, its lowest level since September 2005.SPEAKERS: Steve Sachs, Director of Trading, Rydex Investments; Anika Warren, investor on the street; Gary Levick, investor on the street.Conway Gittens reports from New York.