BOCA RATON, Fla. (Reuters) - U.S. presidential candidates competed on Tuesday to look strong on the economy after an interest rate cut by the Federal Reserve and shaky markets worldwide exacerbated fears of a looming U.S. recession.
U.S. stocks fell and global equities markets reeled on fears that a deteriorating U.S. economy would have a domino effect on other regions, though the Fed's interest rate cut sparked a rebound in European shares and helped U.S. stocks pare losses.
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