Fed weighs sixth rate cut as economy shows glimmers
Washington AP report notes policy makers consider a sixth rate reduction after five cuts in six months. economists split on size, with views tied to recovery momentum and consumer confidence. Dow falls for third straight session while factory orders and housing sales rise in May.
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Stocks Fall On Profit Warnings And Fed Watch
Blue chips declined for a third straight day as Merrill Lynch and others warned on profits and jobs. Investors awaited the Federal Reserve decision amid expectations of a 0.25 point rate cut, with the Dow down 31.74 to 10,472.48 and the Nasdaq up 13.75 to 2,064.62.
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