Word: saysgreenspanmay
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...track," says economics correspondent Adam Zagorin. The Federal Reserve decided to leave the key federal funds rate unchanged at 5.75 percent, despite analysts' expectations this summer that a rate cut in July (the first in three years) might herald a succession of measures to stimulate the economy. Zagorin saysGreenspanmay push for further rate cuts in the fall, "but with a healthy 2.5 growth rate expected for the remainder of the year, he's currently not under much pressure...
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