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The feed from the fed
Here's the latest prediction on how much the Fed will cut interest rates: 100 basis points before June to help the housing market. That comes from the crystal ball of Citigroup's chief economist Lewis Alexander. Alexander made the comments today during a talk for clients in Singapore.
He worked at the Federal Reserve before joining Citigroup. Alexander also says the drop in the dollar's value shouldn't cause too many inflation worries.
Posted on December 3, 2007 5:52 AM PT | Permalink
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