Word: feds
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Dates: during 1990-1999
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...many economists are counting on the Federal Reserve's cut in the discount rate from 4 1/2% to 3 1/2% to set the stage for a mild recovery that could start by summer. The sharp reduction was significant because the discount rate, which is what the Fed charges banks for borrowing money, is a bellwether for interest costs throughout the economy. The average rate for a 30-year, fixed-rate mortgage last week was 8.24%, the lowest in 18 years. At the same time, election-year pressures are likely to push Washington into enacting a few modest tax breaks...
...there we were again last month, with the economy every bit as gloomy -- except that rather than having to invade anyone to lift our spirits (top choice: Louisiana), we may have accomplished much the same thing through the efforts of the Federal Reserve. When the Fed cut the discount rate a full point, to 3 1/2%, it was like pounding an economy in cardiac arrest. Suddenly, its little eyelids began to flutter, its stock market leaped out of bed, and people began to realize this might be one darn good time to go buy a house, at least in some...
Sandra Whyte and Joey Alissi combined for the next two goals. On the first, Alissi fed Whyte on a give-and-go and put the rebound off Whyte's shot between the pipes. Whyte's goal came from behind the net as she banked the puck off goalie Sarah Millet's skate, tightening the gap to 6-5 with 2:45 remaining...
...BEST ARGUMENT THAT GOD IS FED UP WITH HOLLYWOOD
...five consecutive daily increases, the Dow Jones industrial average closed at a record 3101.52 last week. The bull run has pushed the Dow index up 167 points, or nearly 6%, since Dec. 20. That was the day the Federal Reserve Board lowered the discount rate -- which is what the Fed charges banks for borrowing money -- a full percentage point, to a 27-year...