Word: feds
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Dates: during 1990-1999
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...sooner had the Fed acted than bond investors began to worry that the 0.75% rate hike might not be enough to keep inflation at bay. "There's more to do, so what's the point in being a hero and buying bonds at this rate when it still has a way to go," said David Glen, 37, the manager of $6.5 billion in bond funds for Scudder, Stevens & Clark. So after a brief period of euphoria, the bond market tumbled...
...perception between what is going on in the real economy and what the financial markets think is going on," says Robert Hormats, the vice chairman at Goldman Sachs International. The two sides, used to fighting with statistics, came as close as they could to meeting face to face: while Fed members deliberated last Tuesday, some 200 AFL-CIOled protesters gathered outside in the first such demonstration against rate hikes since farmers blocked the street with tractors in the early 1980s...
Rising interest costs will also slow the expansion of small companies, which generate lots of jobs but because of their size must borrow from banks at more than the prime rate. No sooner had the Fed moved last week than many banks boosted their primes from 7.75% to 8.5%. That was harsh news to Leedom Kettell, who runs a printing company in Syracuse, New York, with 10 employees. Kettell had been shopping for a new $40,000-to-$50,000 printing machine for his growing business."But now, with the higher rates, I'm doing all I can to avoid...
Bryan Lonsinger fed Perry Cohagen streaking up the ice, who placed a beautiful backhanded pass on the stick of Cory Gustafson. The senior right-winger then rocketed a shot into the top corner of the net, extending the lead to 2-0 at 15:20 of the second period...
Right off the face-off, center Chris DeProfio fed Debusschere, who dropped it off to sophomore Jeff McIntosh. The defenseman regained the team lead in goals as he back-handed a shot past Tripp Tracy...