Philadelphia Fed survey shows factory growth slows

US - U.S. factory growth appears to have stalled, stirring speculation the Federal Reserve may cut interest rates in coming months to ward off a second recession if the weakness spreads.

"I've been an optimist for a long time. But I'm beginning to get a little concerned because the manufacturing sector does seem to be contracting," said Sharon Stark, economist and head of fixed income strategy at Legg Mason in Baltimore.

Flying in the face of Wall Street analysts' hopes for a modest rise, the F