Fed Cuts Rates -- But Economists Differ on Outlook for U.S. Economy.

Publication: PR Newswire

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COPYRIGHT 2001 PR Newswire Association LLC

Daniel Laufenberg, Chief U.S. Economist for American Express, Sees Continued

Economic Growth in 2001

MINNEAPOLIS, Jan. 31 /PRNewswire/ --

In a move widely expected by market watchers, the Federal Reserve today cut interest rates by 50 basis points. Although a reduction was expected, a 50 basis point reduction is a larger step than is consistent with...

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