Tuesday, 24 August 2010

Moneynews.com


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Fed's Evans: Risk of Double-Dip Recession Has Risen


The risks of a double-dip U.S. recession have risen in the last six months, Chicago Federal Reserve Bank President Charles Evans said on Tuesday. While a new contraction in the economy is still not the most likely scenario, high unemployment and a fractured housing sector make this recovery a fragile one, he said.


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