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Margin hike shown not to deter stock buying trend
The Federal Reserve raised stock margin requirements to 7 percent effective today, prompting questions about long-term impact on prices and volumes. Despite higher cash demands, speculation persists as brokers carry the rest and margin lending reaches over 1.0 billion dollars, the highest since data began.
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Sam Dawson
New York
Wall Street
Federal Reserve Board
Ibanks
Federal Reserve
Barkers