MLC FLASH NEWS

December 5, 2008

Big U.S. job losses likely to spur more rate cuts

Filed under: Gadgets — Reuters: Top News @ 12:23 am

NEW YORK/HONG KONG (Reuters) - A report on Friday expected to show the biggest monthly U.S. jobs loss in 26 years is set to pile more pressure on the Federal Reserve to slash rates again and add urgency to an automaker bailout as the global economic crisis deepens.

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