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Discusses the economic downturn in the United States. Expectation that the U.S. Federal Reserve Board will lower interest rates; Effect of the stock market downturn on consumer spending and confidence; Outlook for the situation.

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.