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Recent Business ArticlesAs spending ebbs, Fed set to act
http://axcessnews.com/index.php/articles/show/id/12906The Federal Reserve wants to send a message to both Wall Street and Main Street: We don't want to see the economy slide into a recession next year.
On Wednesday, that message is likely to be punctuated by a second consecutive drop in interest rates - this time a quarter-point reduction.
The potential interest-rate cut would mark a shift toward a more forward-looking central bank. Although the Commerce Department is expected to report Wednesday that the US economy grew by a 3 percent annual rate in the quarter that ended last month, economic growth for the current quarter is expected to...
Author:
Eric StevensonAbout the Author:News publisher
October 30, 2007 04:53:23 AM
