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How low will they go?
The R-word is starting to have a global ring to it. The probability that the world economy is headed for recession seems to be increasing. Friday's U.S. employment numbers were the worst in four years, and this morning there's word that Japan's economy, the world's second-biggest, shrank at almost twice the pace forecast. That has some folks saying it seems a foregone conclusion that the Fed will lower interest rates this month, but the question remains: How much? Some say a quarter point, others have their money on a half.
Posted on September 10, 2007 5:25 AM PT | Permalink
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