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Sunday, August 12, 2007

Fed Is Facing Growing Pressure to Cut Interest Rates

August 12 2007
Growing worries about a world-wide credit crunch are fueling speculation that the Federal Reserve may be forced to abandon its anti-inflation stance and cut interest rates. Traders already are betting that the Fed, along with other central banks around the world, will have to start easing credit sooner than later. That's particuarly true if the current efforts to inject liquidity into the banking system fail to stem the credit crunch.


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