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Deepening recession fears foreshadow rate cuts

 
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Aiah
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PostPosted: Wed Dec 03, 2008 8:55 pm    Post subject: Deepening recession fears foreshadow rate cuts Reply with quote

NEW YORK (Reuters) - Record declines in the vast U.S. and European service sectors and more bleak U.S. employment news on Wednesday sparked fear of an economic "free fall," setting up another round of deep interest rate cuts.<div class="feedflare">
<a href="http://feeds.reuters.com/~f/reuters/topNews?a=xLgZPT7U"><img src="http://feedproxy.google.com/~f/reuters/topNews?d=41" border="0"></img></a> <a href="http://feeds.reuters.com/~f/reuters/topNews?a=ehAiBRH9"><img src="http://feedproxy.google.com/~f/reuters/topNews?i=ehAiBRH9" border="0"></img></a> <a href="http://feeds.reuters.com/~f/reuters/topNews?a=ESDkma0g"><img src="http://feedproxy.google.com/~f/reuters/topNews?i=ESDkma0g" border="0"></img></a>
</div><img src="http://feedproxy.google.com/~r/reuters/topNews/~4/03RuRSXfU84" height="1" width="1"/>

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