KARL MONDON

BIZ FED 1 CC

KRT BUSINESS STORY SLUGGED: FED KRT PHOTOGRAPH BY KARL MONDON/CONTRA COSTA TIMES (June 26) SAN FRANCISCO, CA -- Julian Maneein tries to hear a phone call over the din of traders at the Pacific Exchange on Wednesday, June 26, 2003, as the Federal Reserve cut a key short-term interest rate by one-quarter percent point, sending it to its lowest level in 45 years. The Dow Jones dropped over 75 points in the first hour after the announcement. (nk) 2003