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Fed seen cutting rates for 11th time this year
The Fed is widely expected to cut rates on Tuesday for the 11th time this year amid a recession and fast job losses, with signals of a possible end to aggressive easing. Analysts note unemployment at 5.7 percent in November and 800,000 jobs lost over two months, shaping views on policy as stimulus prospects stall in Congress.
MENTIONED IN THIS ARTICLE
Fed
Washington
Federal Reserve
Ates
Ber
Sung Won Sohn
Wells Fargo Bank
Minneapolis
Central Bank
Wall Street
David Jones
Aubrey Lanston & Co
Jones
Congress
Bush
Senate
Tom Daschle
D-S.d
Mark Zandi
Economy.com