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"Why The Fed Has Time On Its Side" (Business Outlook, Jan. 26, 2004)


"Why the Fed has time on its side" (Business Outlook, Jan. 26) said that the Federal Reserve has gone a year without moving interest rates. Actually, the Fed last moved rates in June, 2003, not January. In the graphic accompanying "Can Detroit break the rebate habit?" (Industry Outlook, Jan. 12), the correct figure for employment in the automotive sector should have been 4,239,000.


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