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BUSINESS
May 14, 2001 | TOM PETRUNO, TIMES STAFF WRITER
After six months of effort to keep the economy out of recession, the Federal Reserve this week will have to ponder whether it has done enough. Central bank policymakers meet Tuesday, and expectations still are high that they will cut their benchmark short-term interest rate, now 4.5%, for the fifth time this year. But the size of the cut was the subject of some debate on Wall Street by late last week.
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BUSINESS
May 14, 2001 | TOM PETRUNO, TIMES STAFF WRITER
After six months of effort to keep the economy out of recession, the Federal Reserve this week will have to ponder whether it has done enough. Central bank policymakers meet Tuesday, and expectations still are high that they will cut their benchmark short-term interest rate, now 4.5%, for the fifth time this year. But the size of the cut was the subject of some debate on Wall Street by late last week.
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BUSINESS
January 13, 1993 | TOM PETRUNO
One week from his inauguration, Bill Clinton and his advisers continue to ease away from many of the promises that helped win him the White House: a middle-class tax cut . . . a halving of the federal deficit . . . an economic stimulus program. So it follows that the next casualties could be the so-called Clinton stocks--the infrastructure, environmental, technology and industrial issues that have run up since fall partly on expectations that Clinton's policies would favor them.
BUSINESS
January 13, 1993 | TOM PETRUNO
One week from his inauguration, Bill Clinton and his advisers continue to ease away from many of the promises that helped win him the White House: a middle-class tax cut . . . a halving of the federal deficit . . . an economic stimulus program. So it follows that the next casualties could be the so-called Clinton stocks--the infrastructure, environmental, technology and industrial issues that have run up since fall partly on expectations that Clinton's policies would favor them.
BUSINESS
February 11, 1988 | Associated Press
U.S. manufacturing executives see only a one-in-four chance of a recession this year and by a wide margin expect profits and exports to be up over 1987 levels, an industry group said Wednesday. The National Assn. of Manufacturers said a survey of 100 chief executives showed high levels of confidence about the economy and little concern about fallout from last October's stock market plunge.
NEWS
January 16, 1988 | ROBERT A. ROSENBLATT, Times Staff Writer
Falling food and energy costs cut wholesale prices by 0.3% last month, an encouraging sign that inflation remains under control, the Labor Department reported Friday. After a flurry of concern last fall about a potential resurgence of inflation, economists and business executives are now confident that prices will remain stable. "We don't need to worry about inflation," said Richard Rahn, chief economist for the U.S. Chamber of Commerce. Index Up 2.
BUSINESS
February 23, 1989 | BILL SING, Times Staff Writer
The biggest jump in inflation in two years and fears of higher interest rates kicked the stock market into its worst tumble this year, with the Dow Jones industrial average falling 42.50 points Wednesday. The drop, the biggest one-day slide since a 47.66-point decline Nov. 11, raised concerns among some analysts that the heady rally of January and early February may finally be over and that a long-anticipated correction has finally arrived.
BUSINESS
February 23, 1989 | BILL SING, Times Staff Writer
The biggest jump in inflation in two years and fears of higher interest rates kicked the stock market into its worst tumble this year, with the Dow Jones industrial average falling 42.50 points Wednesday. The drop, the biggest one-day slide since a 47.66-point decline Nov. 11, raised concerns among some analysts that the heady rally of January and early February may finally be over and that a long-anticipated correction has finally arrived.
BUSINESS
February 11, 1988 | Associated Press
U.S. manufacturing executives see only a one-in-four chance of a recession this year and by a wide margin expect profits and exports to be up over 1987 levels, an industry group said Wednesday. The National Assn. of Manufacturers said a survey of 100 chief executives showed high levels of confidence about the economy and little concern about fallout from last October's stock market plunge.
NEWS
January 16, 1988 | ROBERT A. ROSENBLATT, Times Staff Writer
Falling food and energy costs cut wholesale prices by 0.3% last month, an encouraging sign that inflation remains under control, the Labor Department reported Friday. After a flurry of concern last fall about a potential resurgence of inflation, economists and business executives are now confident that prices will remain stable. "We don't need to worry about inflation," said Richard Rahn, chief economist for the U.S. Chamber of Commerce. Index Up 2.
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