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Data Shows U.S. GDP Contraction Slowing
While the many of the world’s economies continue to look for signs of growth, the U.S. economy took a big step in the right the…
4Aug2009 | Money Morning | 0 comments | ContinuedU.S. GDP Contracts 6.2%, Recovery Outlook Has Mixed Emotions
U.S. gross domestic product (GDP) contracted at a 6.2% annual pace in the fourth quarter of 2008, the most since 1982, the Commerce Department said…
2Mar2009 | Money Morning | 0 comments | ContinuedFederal Reserve, Bank of China Cut Interest Rates as Financial Crisis Deepens
Federal Reserve policymakers yesterday (Wednesday) reduced the benchmark Federal Funds rate to 1.0%, an aggressive half-percentage-point cut that central bank Chairman Ben S. Bernanke’s latest…
30Oct2008 | Money Morning | Comments Off | ContinuedWith a Rate Decision, GDP Report Due Today, the Fed Walks the High Wire Again
If U.S. Federal Reserve policymakers make the expected quarter-point rate cut at the end of their meeting today (Wednesday), the impact will be felt well…
30Apr2008 | Money Morning | Comments Off | Continued
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