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Kiplinger's
Corner
Business trends.
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Will Today's Big Interest Rate Cut Do the Trick?
From The Kiplinger Letter
By Jerome Idaszak |
| Worries about the slowing economy continue to trump inflation concerns, while the Fed leaves the door open for more cuts.
The Federal Reserve's cut of a half-percentage point in interest rates today, following close on the heels of last week's three-quarters of a point reduction, probably won't keep the economy out of negative territory this quarter.
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