The recent discount-rate cut enacted by the Federal Reserve “should prevent a retail slowdown from becoming a retail meltdown,” an economist told SN last week. Frank Badillo, senior economist for TNS Retail Forward, Columbus, Ohio, said he doesn't anticipate a crisis, but projects slower growth for retailers for the second half of this year. Global market turmoil — sparked by credit worries in the wake of subprime mortgage defaults and prompting the recent discount-rate cut — will affect ...

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