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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56618)	11/30/2001 1:45:22 AM
From: StanX Long	Read Replies (2) \| Respond to of 70976

WIRE: 11/29/2001 3:28 pm ET Economic outlook mixed: hike in orders for big-ticket items coincides with more layoffs The Associated Press abcnews.go.com WASHINGTON (AP) The economy, declared in recession just days ago, is showing mixed signals for the future: Orders for big-ticket goods are up by the largest amount in at least nine years, but layoffs are rising, too. The latest batch of economic data released Thursday provided something for both optimists and pessimists regarding the prospects for an economic recovery. Optimists pointed to the big-jump in new orders for manufactured goods as an encouraging sign the downturn will be short and shallow. Pessimists worried that the surge in layoffs, along with expectations of higher unemployment, could make consumers retrench, pulling the economy deeper into recession. Despite such mixed opinions, many analysts agree that the economy is extremely fragile and believe that the Federal Reserve will probably cut interest rates for an 11th time this year at its next meeting on Dec. 11.