WASHINGTON - The ongoing weakness in the money supply may be signalling another slowdown in the U.S. economy in the months ahead that will force the Federal Reserve to cut short-term rates again, according to some analysts.

While the bond market is still enjoying a ride following the dramatic pre-Fourth of July move by the Fed to lower the discount rate to 3%, there is evidence that sluggish demand for money and credit reflects deep-seated economic problems that may need even more stimulus, these analysts say.

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