Wednesday, February 20, 2008

Fed slashes growth forecast for US economy (AFP)



The Federal Reserve building. The Federal Reserve on Wednesday slashed its 2008 US economic growth forecast by a half point to a range of 1.3 to 2.0 percent, citing the housing slump, tight credit and higher oil prices.(AFP/File)AFP - The Federal Reserve on Wednesday slashed its 2008 US economic growth forecast by a half percentage point, citing a housing slump, tight credit and higher oil prices.




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