Word: fed
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Dates: during 1990-1999
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...YORK: Markets soared on a lower-than-expected rise in labor costs. The Labor Department report of a modest 0.6 percent rise in wages and benefits convinced investors that the Fed won't tighten interest rates at its next meeting three weeks from now, says TIME's Wall Street columnist Daniel Kadlec. "It's hard to remember the last time the markets reacted so eagerly to this report." Indeed, now that the Dow has almost completely erased the sobering slide that began March 11, the rest of the market seemed today to have to caught a euphoria that Kadlec called...
...quarters of the Capitol the question is not if Gingrich will fall but when. "This is the night of long knives," says a Republican House member. In the pages of the Weekly Standard, the G.O.P. tip sheet, Representative Pete King, a fed-up New York Republican, calls Gingrich "the most powerful liberal in American politics." He doesn't mean that as a compliment. Once loyal House members have spent the winter complaining that the leadership has no strategy, little vision and few principles anymore. Senior members, including some of Gingrich's princes, like Dick Armey and Bill Paxon, have been...
...right to live and be fed human rights or animal rights?" he asked the audience...
...White House fed out a little more line in the ongoing saga of Webb Hubbell, disclosing that the effort to help Hubbell find work following his resignation from the Justice Department in April 1994 extended up to the President's very door. After acknowledging Tuesday that former chief of staff Mack McLarty and current chief Erskine Bowles made calls and visits on Hubbell's behalf, White House special counsel Lanny Davis added that the President and First Lady "would not have discouraged Mr. McLarty from assisting Webb Hubbell, because he was an old friend," and indeed "may have been generally...
...Alan Greenspan has all too famously noted, the market has a little air in it. Watch for Friday s Labor Department report to see just how skittish investors have become. A stronger-than-expected showing could set off another Wall Street jolt fearing further interest rate increases by the Fed. For investors, the skinny remains: don't panic. Good news is still good news, and the economy, after all, is strong. But as snow fell Monday on downtown New York, the traders in Wall Street s vaulted warrens continued to usher March out like a polar bear...