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Signs the economy may be slowing enough for a second Fed rate cut:

By Staff -- Purchasing, 10/18/2007 2:00:00 AM EDT

  • Housing construction fell 12% in the second quarter, a sixth quarter of declines.

  • The U.S. economy shed 4,000 net jobs in August.

  • Factory payrolls slid by 46,000, the most since July 2003.

  • The National Association of Realtors' index of pending home resales fell 2.1% to its lowest since record keeping began in 2001.

  • Sales of new, single-family homes dropped 8.3% in August, its lowest rate in seven years.

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