Fed meets as weakening economy, debt downgrade and market turmoil fuel recession fears
Martin Crutsinger, AP Economics Writer, On Monday August 8, 2011, 3:52 pm EDT
WASHINGTON (AP) -- When it meets Tuesday, the Federal Reserve could signal what it can or will do to help the nation avoid another recession.
Since the Fed last met in June, Standard & Poor's has downgraded long-term U.S. debt, stock markets have plunged, Europe has struggled to contain its debt crisis and a range of indicators have shown the U.S. economy struggling to grow.
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