WASHINGTON: The US Federal Reserve may soon be forced to cut interest rates again, driving them to the lowest level since Dwight Eisenhower was president, amid fears that the shaky American economy is about to fall back into recession.
Concerns about the anaemic recovery from the 2001 downturn have been heightened by last week’s report that unemployment had risen to 5.8% in February, with a big loss of 308,000 jobs.
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