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Economy: Interest Rates #890767

NBC Evening News for Wednesday, Oct 31, 2007
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(Studio: Brian Williams) The Federal Reserve cutting interest rates and another increase in oil prices noted.

(New York City: Carl Quintanilla) The impact of today’s interest rate cut on the floundering housing market examined. [Council of Economic Advisors Chairman Ed LAZEAR†- says the housing slump doesn’t seem to be affecting the rest of the economy.] [National Federation of Independent Business Bill DUNKELBERG††- says a rate cut wasn’t needed.] [ economist Mark ZANDI†- says the housing problem will bleed into other areas.]

(New York City: Maria Bartiromo) The rate cut’s effect on the Stock Market outlined.

Williams, Brian;
Quintanilla, Carl;
Bartiromo, Maria

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