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Article: Fed Rate Cut Crucial To Connecticut, Too.

Article from:
Hartford Courant (Hartford, CT)
Article date:
September 19, 2007
Copyright

Byline: Janice Podsada and Kenneth R. Gosselin

Sep. 19--In recent months, Connecticut may have seemed insulated from the nation's economic stresses.

The nationwide housing slump, which has sent prices and sales plummeting elsewhere, hasn't hit Connecticut as hard. Median sale prices are even rising in many places.

And while the nation has had anemic job gains this summer, and actually lost 4,000 jobs in August, Connecticut is compiling a decent year for employment.

But no man is an island, nor is any company or state. Experts agree that the state's prosperity is inexorably linked to the nation's.

So when the Federal Reserve ...

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