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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This note was uploaded on 03/10/2011 for the course ECON 101 taught by Professor Duc during the Spring '05 term at Linfield.
- Spring '05