Vital Signs: Another Boost from the Fed?

On tap: The Fed meets, new home sales, home prices, consumer confidence, durable goods orders, GDP, personal income, and employment costs

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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