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It can happen here: Interest rates set to fall despite soaring stocks, low unemployment

July 29, 2019

The monthly tab on how many new jobs are created in the U.S. is rarely shunted to the undercard, but another headliner is hogging all the attention.

The Federal Reserve is widely expected this week to cut a key interest rate that influences the borrowing costs for businesses and consumers. And the Fed is going to do so even with stock markets hitting fresh record highs and unemployment sitting near a 50-year low — an almost unheard-of combination.

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