U.S. stocks dip; Fed again says recession unlikely

NEW YORK – U.S. stocks dropped this morning as a Federal Reserve official acknowledged there “could be” a recession and analysts including top-rated strategists Dresdner Kleinwort said the global selloff isn’t over, Bloomberg News reports. St. Louis Fed Bank President William Poole today said that, though there “could be” a recession, the central bank doesn’t…

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