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- Rate Cuts and Main Street Businesses
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Besides serving as a prophylactic for U.S. stock markets, the Fed’s unusually urgent cut this morning is meant to bolster businesses and families feeling the strain of an increasingly squishy economy. Economists are predicting the Federal Open Market Committee isn’t through yet and will slice again next week at their policy meeting. With small businesses making up such a giant chunk of the U.S. economy, that means Fed Chairman Ben Bernanke and company are talking to you — hoping low rates will get you to borrow and spend.
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Original Source
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22 January, 2008| Economy |
@ 23:37
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