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US. -- [Upside down question mark]A donde va?(US economy)(Brief Article)
Business Mexico, February, 2001 by Pruitt, Scarlet
U.S. slowdown jitters were partially soothed by an unexpected Jan. 3 interest rate cut by the U.S. Federal Reserve, which sent the Nasdaq, Dow Jones Industrial Average and Mexican Bolsa soaring in response. Federal Reserve Chairman Alan Greenspan's 0.5% interest rate snip to 6% on overnight bank lending rates not only brought relief, but speculation over whether Greenspan was more concerned about the U.S. economy than previously thought. Greenspan's 0.5% cut was considered drastic given his tendency to raise and reduce rates with quarter point "baby steps," leading some to believe the United States' heralded economic guru sees a recession ahead. The last time the Fed cut rates by half a percentage point was nine years ago when Lawrence Lindsey, who was recently tapped...
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