Downturn strikes economy

Mortgage rates to remain below 6.5% into '05

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Financial Frances made landfall in New York at 8:30 this morning.

Right, wrong, or subsequently to be revised, high winds from the Labor Department brought word of new jobs added to payrolls. Not a lot of them – 144,000 in August, and another 59,000 found washed up on the beach from June and July – but enough to lift interest rates.