Word: hiked
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Moved PermanentlyMoved PermanentlyFortune Investor DataHere?s the daisy chain: Fed hikes rates. Markets, relieved, take off. Consumers, watching their portfolios swell, continue to spend like drunken sailors. Fed gets nervous, and Greenspan -? if he deems that an economic overheat is imminent -? goes into rate-hike mode all over again, confronting the markets with their worst fear and sending Street walkers back to cowering under their desks. Bye-bye rally. Of course, if investors and traders see all this coming and sell on the news, they may have to make room under that desk for Uncle Alan -? a harmless rate hike...
...DataSo why were the markets ?- led by NASDAQ, which as an index of debt-heavy tech start-ups is especially sensitive to interest rates ?- on the uptick moments after that fateful "preempt" had passed Greenspan?s lips? Because he?s going to do it only once. "A quarter-point hike, which is really nominal, has already been factored in anyway," says Baumohl. "All this talk about preemption means there won?t be a series of hikes. Greenspan is still ahead of the curve." The idea of a preventative tweak ?- and this chairman?s impeccable record says it?s worth...
...worrying already? Everyone?s favorite harbinger of inflation, the red-breasted Consumer Price Index, is harbingering no such thing. After an April spike that put a fear of Greenspan into the markets -- a fear that hasn?t dissipated -- consumer prices in May remained flat (with only a 0.1 percent hike if you exclude falling energy prices). That?s zilch, folks. And so now it can be told: Reports of the resurrection of inflation were greatly exaggerated. "April?s rise was, as predicted, a one-time thing," says TIME senior economics reporter Bernard Baumohl. "With May?s number, the jittery markets...
Moved PermanentlyMoved PermanentlyFortune Investor DataPresumably, Greenspan will stop worrying too -? if he ever started. Many saw the Fed?s "bias shift" in May as a virtual rate hike, one that showed up in the market?s interest rates and took some steam out of stocks without the central bank?s actually having to do anything. Now, there are only two reasons for the Fed to raise rates at its June 29 meeting ?- to loosen up labor markets or simply to bare its teeth ?- and neither seems compelling enough for Alan & the Gang to act before the next meeting, in August...
...school is so old and overcrowded that Marion Stern teaches reading in a converted bathroom; Riel Sbar teaches special-needs kids in a hallway; and two other classes have been pushed into dusty corners of the basement. The acting principal, Dianne Scott, wears sneakers to hike to annexes No. 8 and No. 3, which are more than four blocks away, but hip waders would have been better during a storm on May 24. The playground flooded, and she had to pull two classes out of trailers that looked like houseboats...