Vital Signs: Another Boost from the Fed?
The Federal Reserve is back in the spotlight this week. After the Fed's emergency half-point cut in its target rate to 1.5% on Oct. 8, the markets almost fully expect another half-point reduction at the Wednesday conclusion of the Fed's two-day meeting on Oct. 28-29. Policymakers are trying to put additional stimulus into the economy in advance of what's shaping up to be a traditional economic recession with successive quarterly declines in economic activity, as measured by real gross domestic product.
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