As spending ebbs, Fed set to act

Story date: 2007-10-29 04:25:00
Added on: 2007-10-29 22:00:20

Christian Science Monitor - ... that message is likely to be punctuated by a second consecutive drop in interest ... Because of losses in the mortgage market, banks have tightened their lending ... Rosenberg estimates that consumer spending in this quarter will grow by only 2 ...


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