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Alarming jobless report spurs talk of Fed rate cut
A sharp rise in unemployment to 5.8 percent and 308000 lost jobs fueled fears of a double dip recession. Analysts forecast a possible quarter to half point rate cut at the March 18 Fed meeting to sustain the weak recovery, with some suggesting even a 0.5 point cut amid war jitters and volatile markets.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Dwight Fisenhower
Fed
Louis Crandall
Wrightson Icap
Crandall
Wall Street
Eisenhower
Alan Greenspan
Congress
Bush
David Wyss
Standard & Poor's Co
New York
Iraq
Mark Zandi
Economy.com
Zandi
Stan Shipley
Merrill Lynch
United States
U.S