But that weakness was offset by a recent rise in stock prices and the Federal Reserve's interest rate cutting campaign, he said.
12.
He said the central bank may have " raised the speed limits " and may stay in a rate cutting mode for longer.
13.
Economists said the reading reflected the positive effects of the Federal Reserve's aggressive interest rate cutting campaign during the first half of the year.
14.
While the national economy has been softening, the Federal Reserve Board has been on an interest rate cutting binge creating a consumer-friendly mortgage environment.
15.
Longer-term interest rates, such as home mortgages, have followed the Fed's general direction, although they have not kept pace with the Fed's recent rate cutting.
16.
Economists who see an investment-led decline tend to think that continued rate cutting will be needed, and that the tax cut could do some good.
17.
"All the interest-rate cutting in the world isn't going to help the telecom industry, " which is buried beneath $ 600 billion in debt, Swonk said.
18.
The Riksbank is expected to present an optimistic inflation outlook in a report on Monday, a move that would confirm more aggressive rate cutting will come.
19.
After heart surgery, routine use of drugs that slow the heart rate has a remarkable effect on patient death rate cutting it in half, research suggests.
20.
It is no wonder, given the fact that the aggressive interest-rate cutting by the central bank has done little to slow the economy's drift toward recession.
