Word: moneywatch
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Dates: during 1994-1994
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...action undermines a thriving U.S. economy and could threaten continuing economic growth by slowing consumer spending. But other economic observers said the rate hike could assure the economy of a soft landing at the end of the current economic cycle, limiting the impact of roller-coaster economic growth. (See MONEYWATCH at end of Time Daily for the cuts' impact on consumers and financial markets.)The move exceeded most Fed-watchers' predictions and will raise the cost of borrowing for millions of Americans, throwing a wet blanket on newly-empowered Republicans' plans to cut taxes and also send other conservative economic...
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