11/1: MetroIntelligence Economic Update by P. DUFFY

Fed lowers interest rates another 25 basis points to 1.50 percent In light of the implications of global developments for the economic outlook as well as muted inflation pressures, the Federal Open Market Committee decided to lower the target range for the federal funds rate to 1-1/2 to 1-3/4 percent.   Third quarter GDP grew 1.9 percent in…

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