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Deepening recession fears foreshadow rate cuts

 
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Migdalgad
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Joined: 01 Jan 1970
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PostPosted: Wed Dec 03, 2008 8:48 pm    Post subject: Deepening recession fears foreshadow rate cuts Reply with quote
NEW YORK (Reuters) - Record declines in the vast U.S. and European service sectors and more bleak U.S. employment news on Wednesday sparked fear of an economic "free fall," setting up another round of deep interest rate cuts.<img src="http://feedproxy.google.com/~r/reuters/topNews/~4/03RuRSXfU84" height="1" width="1"/>

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