Unformatted text preview: the credit squeeze. The consumer confidence is a key issue for the economy. September's weak performance is a clear sign that a recession is underway. This weakness of consumers was not a surprise. The Federal Reserve has already reacted to the weakness, slashing its target interest rate down to 1% earlier this week. However, this rate cut may have a bad effect on business investment as assets value decline....
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- Spring '05
- Key signature, Consumer spending, Accidental, Flat, Donal Logue, Federal Reserve