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Key messages today: GDP and Fed rate
0 Comments | Philadelphia Inquirer, The, January, 2008 | by Joseph N. DiStefano Inquirer Staff Writer
In two key economic events today, the Commerce Department will report the nation's economic pulse when it estimates the fourth-quarter gross domestic product, and the Federal Reserve will set a new target for the federal funds rate. Investors have been expecting the Fed to cut rates half of a percentage point, to 3 percent, according to futures trades logged by jdistefano@phillynews.com.
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