US markets volatile, but no recession in sight-GM CFO

Newswire

DETROIT, Jan 29 (Reuters) - General Motors Corp's chief financial officer said on Tuesday the U.S. markets remain very volatile, but he does not expect a recession. Fritz Henderson, speaking to reporters, said the fragile nature of the U.S. markets suggests the Federal Reserve will make another interest rate cut on Wednesday when its scheduled monetary policy meeting ends. The Fed implemented an emergency 0.75 percentage point cut last week, which sent the federal funds target rate to ...

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