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Fed halts stretch of rate increases
Aug 8 2006 9:12PM (CT)
WASHINGTON (AP) - With the economy losing momentum, the Federal Reserve halted the longest unbroken stretch of interest rate increases in recent history Tuesday _ a reprieve for millions of borrowers after more than two years of rate pain.
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Productivity growth slows in the spring
Aug 8 2006 1:33PM (CT)
WASHINGTON (AP) - The efficiency of American workers slowed sharply in the spring while a key gauge of labor costs rose at the fastest rate since late 2004.
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