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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 10 4:00 PM EST

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To: HairBall who started this subject	5/9/2001 3:28:06 PM
From: OWN STOCK	Read Replies (1) of 99985

Fed Cuts Should Offset Increased Risks Of Recession, Economic Forecasters Say A WSJ.COM News Roundup WASHINGTON -- Aggressive interest-rate cuts by the Federal Reserve should offset increased risks of recession seen by a panel of economic forecasters, a report issued Wednesday showed. See the full text of the outlook report from the National Association for Business Economics. The National Association for Business Economics, which polled 27 of its members, placed the risk of a recession at 35%, up from 33% in February. But given the hopes for continued interest-rate cuts through the end of the year, the panel didn't alter its previous forecast that the economy will grow 2% in 2001. "While the business outlook remains cloudy and profits are under severe pressure, NABE panelists have remained steadfast in their belief that a recession is unlikely," said Richard Berner, the association's president. "Panelists believe that an aggressive Fed will sustain modest economic growth for the balance of the year and into 2002."

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