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What to look out for after the US interest rate cut
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Even after the interest rate cut, the potential for a widening economic slowdown that becomes a full-blown recession will be with us for some time.
PHOTO: REUTERS
Jeff Sommer
The Federal Reserve has started cutting interest rates at long last, and it’s a relief that financial conditions in the United States will be easing. But it’s far too early to celebrate.
The stock market has been rising anyway, with the S&P 500 closing at a new high one day after the Fed’s action. Even so, there’s plenty to worry about.
