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Discusses the decrease in interest rates by the United States Federal Reserve Board. Efforts to slow the rate at which the U.S. economy is slowing; Projected effect of the cut on the stock market and consumer spending; Idea that the cut may be insufficient to deal with the slowing economy.

Reports that Wall Street expects the Federal Reserve to cut interest rates November 17, 1998. The prediction that the stock market will take a serious dive if the Fed refuses to cut rates; The risk of global credit crunch; The comments of some economists; The effect that interest rate cuts could have on companies and profits; Forecasting.

Discusses how the drastic declines in the United States stock market in October of 1997 have impacted the decisions of the US Federal Reserve concerning interest rates. Why the Federal Reserve wants the United States economy to slow down from its allegedly unsustainable pace; Likelihood that the economy will slow down after the declines; How the stock market has balanced off consumer debt in the United States; How the Dow Jones average has fared since December of 1996.