11. It also probably would help avert recession, because a Japanese crisis probably would lead to a significant rise in U.S. interest rates. 12. Investors and traders took that to mean the central bank might not cut its federal funds rate too much more to avert a recession. 13. John F. Smith Jr., chairman of General Motors, urged the Federal Reserve to reduce interest rates to avert a recession. 14. Never mind that Federal Reserve chairman Alan Greenspan was urging the public to spend freely to avert the recession. 15. Now, signs that the economy may avert a recession has some bondholders expecting the central bank to dole out only a few more rate cuts this year. 16. Seeking to avert a recession, the Federal Reserve Board this week reduced interest rates for the fourth time this year. 17. Some investors are betting the slowdown could be severe enough to prompt the central bank to cut overnight bank loan rates to avert a recession. 18. Today, bond investors are actually putting upward pressure on long-term rates as they become more optimistic that the economy will avert recession. 19. U.S. stocks have reached record heights this year amid optimism that corporate profits will keep expanding as the economy averts a recession. 20. Will that be enough to avert recession? |