Even as Wall Street bounded higher yesterday on news that the Federal Reserve cut its key lending rate by 25 basis points, and that gross domestic product surged in the third quarter, economists are generally skeptical, predicting growth to slow drastically in the fourth quarter. “I wouldn’t rule out 0% GDP growth in the fourth quarter,” a managing director and chief economist at the investment bank the Nomura Group, David Resler, said. “Oil prices

are at record levels, and whether that winter is

Original post by JULIE SATOW

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