Word: neutral
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Dates: during 1990-1999
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Thank you, Mr. Greenspan ?- may we go now? Right on time at 2:20 p.m. Wednesday, the Federal Reserve released Wall Street from months of suspense. It raised short-term interest rates by one quarter point and returned its "bias" to neutral ?- and gave little sign of what it planned to do at its next meeting on August 24. TIME senior economics reporter Bernard Baumohl says that?s because Greenspan himself doesn?t know. "If the economy starts to slow down ?- and there are scattered indications that it?s beginning to ?- chances are he won?t raise again," he says...
Moved PermanentlyMoved PermanentlyFortune Investor DataAfter a jittery morning of anticipation, the markets heard "neutral bias" and bolted. The Dow went from 44 points down to 74 up in less than a minute. Bond yields momentarily dipped below 6 percent for the first time in weeks. An extended rally ?- given the strong correlation between consumers and the value of their portfolios ?- could of course set off the very overheat that Greenspan is so worried about. But the indexes are short-sighted, emotional creatures, and Wednesday the emotion was relief. "The uncertainty is over, and Greenspan clearly is done raising...
...have to make room under that desk for Uncle Alan -? a harmless rate hike will have begotten a serious monetary neurosis. "The Fed won?t announce a bias like last time, because this is the hike it was warning us about," says Baumohl. "It?s shifting back into neutral." Of course, to a market that?s just aching to be unleashed, "neutral" is like raw meat to a roomful of Dobermans. Let?s just hope they don?t choke...
First-Year Student: 1. What you will bein September. 2. Gender-neutral term for"freshman." Synonym: yardling...
Next year's group may include highly talented men as well. In February, Brock announced that applications for the 2000-01 year will be made gender-neutral, allowing men to apply to what has been called "America's think tank for women...