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February 2, 2000 | From Reuters
As the U.S. economy rolled into its longest expansion ever Tuesday, a new report showed the factory sector grew for the 12th straight month but price pressures soared, fueling fears that interest rates must rise. Coming a day before the Federal Reserve was expected to announce a modest rate hike to cool the economy, the National Assn. of Purchasing Management said that its index showed manufacturing activity in January expanded to 56.3, slightly slower than its 56.8 reading in December.
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BUSINESS
February 2, 2000 | From Reuters
As the U.S. economy rolled into its longest expansion ever Tuesday, a new report showed the factory sector grew for the 12th straight month but price pressures soared, fueling fears that interest rates must rise. Coming a day before the Federal Reserve was expected to announce a modest rate hike to cool the economy, the National Assn. of Purchasing Management said that its index showed manufacturing activity in January expanded to 56.3, slightly slower than its 56.8 reading in December.
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