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"How much will the Fed cut?".
Member rating: No Rating | Words: | Submitted: Tue Oct 14 2003
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I.B. Economics Commentary 2 By: Vanja Ivancevic Article: "How much will the Fed cut?", Justin Lahart, CNN/Money Due to a weakening in the economy and in effect, an increase in the unemployment rate from 5.6% to 5.7%, the Federal Reserve Policy makers have to decide on how much to cut interest rates in order to strengthen the economy again and improve the current situation. Although the cut itself is almost ensured to be put into action, there is some debate and questioning over whether the cut will be one of a quarter-percentage or a half-percentage. In the monthly job reports it was clear that a further 5000 jobs were lost in the U.S.A during October and that the unemployment rate is increasing. Challenger Gray & Christmas stated that job cut announcements were at their peak in November 2002 since January 2001, and that the Fed was to come up with...
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