Financial Times FT.com

US stocks rally after Fed interest rate cut

By Krishna Guha in London and Michael Mackenzie in New York

Published: March 18 2008 18:16 | Last updated: March 18 2008 18:26

US stocks staged their biggest rally in more than five years on Tuesday as confidence in the stability of the financial system grew and the Federal Reserve cut interest rates by 75 basis points to 2.25 per cent.

Video: US Daily View

Thorold Barker

Can the Fed pull off its new rate cut? Thorold Barker warns of unintended consequences for the dollar and the bond market

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