Another Fed Rate Cut?NEW YORK--(BUSINESS WIRE--Nov. 12, 1998-- The stormy storm·y adj. storm·i·er, storm·i·est 1. Subject to, characterized by, or affected by storms; tempestuous. 2. economic forecast that prompted back-to-back cuts in September and October have brightened, but enough threats to growth remain. So don't write off the possibility that the Fed will cut rates by an additional quarter point--bringing the federal funds rate Federal Funds Rate The interest rate at which a depository institution lends immediately available funds (balances at the Federal Reserve) to another depository institution overnight. down to 4.75%--before the end of the year, Business Week reports. Despite the healthy economic data and revived re·vive v. re·vived, re·viv·ing, re·vives v.tr. 1. To bring back to life or consciousness; resuscitate. 2. To impart new health, vigor, or spirit to. 3. stock indexes, Fed officials continue to worry that slowing U.S. factories, continuing distress overseas, and unsettled credit markets pose threats to next year's economy. Those factors, they contend, outweigh out·weigh tr.v. out·weighed, out·weigh·ing, out·weighs 1. To weigh more than. 2. To be more significant than; exceed in value or importance: The benefits outweigh the risks. the risk of overstimulation. |
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