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Rates seen falling as Fed eases policy after deficit deal
Economists expect further declines in mortgage and other rates as the Gramm Rudman deficit-reduction law prompts less government stimulus and room for Fed easing. The federal funds rate slipped below 8 percent amid signals of monetary looseness before a key policy meeting.
MENTIONED IN THIS ARTICLE
Martin Crutsinger
Associated Press
Washington (Ap
Federal Reserve
Fed
Paul Volcker
Gramm- Rudman
Volcker
Gramm-Rudman
Michael Es Esoe
Congress