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Banks scare Wall Street

November 02, 2007

The Federal Reserve gave the market a treat when it cut rates by a quarter point, but signaled its done for the time being.The economy showed its resilience with stronger-than-expected jobs and GDP figures.Stocks were mixed, the dollar hit new lows, gold rallied to a 28-year high and crude touched a new record on its march towards $100 a barrel.Conway G. Gittens reports from New York.