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the Fed



Fed Set to Cut Rates to 45-Year Lows
By Glenn Somerville
Reuters
Tuesday, June 24, 2003; 2:33 AM


WASHINGTON - The U.S. Federal Reserve, seeking to rev up a slow recovery
while keeping price deflation at bay, is universally expected to cut
interest rates to 1958 lows this week.


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What was going on in 1958 that necessitated low rates?



Ian



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