Word: targeted
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Dates: during 2000-2009
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...Federal Reserve announced Wednesday afternoon that it was lowering its target short-term interest rate to 1%. Big deal. Almost everybody was already expecting the half-point rate cut that the Fed delivered, and the actual federal-funds rate (as opposed to the target rate) has mostly been below 1% for the past three weeks anyway. The stock market's reaction? A yawn, as the Dow closed down 74 points...
That brings us to the other big news in the announcement. The FOMC left the door wide open for even more rate cuts, which would bring us into uncharted territory. The federal-funds target rate previously bottomed out at 1% from June 2003 to June 2004. The actual federal-funds rate did drop below 1% a few times in the 1950s, but that was another era - an era when the Fed didn't announce interest-rate targets, banks completely dominated the financial system and the U.S. completely dominated the global economy, and there was no such thing as a money...
...next time you’re at Target, remember to pass on the pink bean bag chairs...
...first glance, the Keystone State doesn't seem like an obvious target for McCain and his running mate, Alaska governor Sarah Palin. Pennsylvania has been a reliably Democratic state in the past four presidential elections, it now has a million more registered Democrats than Republicans, and Obama can depend on strong support in its two biggest cities, Philadelphia and Pittsburgh. Polls show the Democratic nominee with a commanding lead of anywhere from 7 to 14 points in the state, up from a near tie in mid-September...
...drive north of Orlando. Sanford's demographics are attractive: its population grew 27%, to about 50,000, between 2000 and 2006. Within a few miles of downtown, Tunis says, are households boasting annual incomes of $30,000 to $250,000. That's partly what has attracted retailers like Target, Wal-Mart and Lowe's. "You name the retailers, we've got them," Tunis says. "But we've been underserved by grocers...