Word: rising
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Dates: during 1990-1999
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...spite of opposition to campaign finance from many leading Republicans politicians, the Public Campaign poll showed that 75 percent of the voters in New Hampshire supported the McCain-Feingold legislation and opposition to the bill among voters in states surveyed did not rise above 20 percent...
...sharp further rise in interest rates would be "a dagger in the heart" of the U.S. stock market, says Vincent Farrell, chief investment officer of Spears, Benzak, Salomon & Farrell, an investment firm. But he believes the dagger is well sheathed: "Interest rates have probably about run their course." Abby Joseph Cohen, who chairs the investment policy committee at Goldman Sachs, is more emphatic. Says she: "I think yields on long-term bonds cannot move much higher and stay there on a sustained basis...
...market's proclivity to identify growth with inflation." But that proclivity, in the board's opinion, is simply wrong: there is no inflation threat scary enough to push the Fed into drastic action. Prices did spike abruptly in April, but that, says Clough, was due largely to a speculative rise in industrial commodity prices that "has already lapsed." Though Asian countries are starting to recover from the crisis that knocked demand and commodity prices so far down in 1998, recovery has been too weak, in the view of board members, to sustain the early-spring increases...
...actively seeking jobs are now being pulled into the job market. Finally, "you have a million legal immigrants [coming] into the U.S. each year." Though it would be too much to hope for a 1999 inflation rate as low as last year's 1.6%, Battipaglia thinks consumer prices will rise only around 2.5% this year and perhaps...
Nobody foresees a continuation of the phenomenal 1998 rise in gross domestic product--a sizzling 6% annual rate in the fourth quarter, 3.9% for the year. But Cohen, true to her reputation as Wall Street's leading optimist, thinks the U.S. is in a "virtuous cycle" that will keep spinning, if a bit more slowly. The U.S., she notes, has created a stunning 15.5 million jobs since the end of 1993, even after subtracting job losses due to corporate downsizing. And two-thirds of these jobs pay more than the median wage for all U.S. jobs. By no coincidence, average...