NewsMine — economy — united-states — 2003 — 2003-sept-oct — Viewing Item

Deflation still worries federal reserve { September 17 2003 } Original Source Link: (May no longer be active)    http://www.onbusiness.ie/2003/0917/fed.html http://www.onbusiness.ie/2003/0917/fed.html Deflation still worries Federal Reserve September 17, 2003 US Federal Reserve officials last night opted to keep US interest rates at 45-year lows, and said rates would stay low for a long time. In announcing their unanimous and widely expected decision to leave the benchmark federal funds rate at 1%, policy-makers repeated a warning that already low inflation could move disturbingly lower. 'The risk of inflation becoming undesirably low remains the predominant concern for the foreseeable future,' the Federal Open Market Committee said. The pledge on low rates gave the stock market a boost. The Nasdaq posted its biggest one-day percentage gain in 10 weeks while the Dow Jones notched its biggest one-day percentage rise in more than seven weeks. The Fed's announcement was almost exactly like that issued after its last meeting in August. However, a month ago it called labour market indicators 'mixed'. This time the Fed noted that the economy was losing jobs. Since the economy turned down in March 2001, 2.8 million Americans have lost their jobs. Even this August, 21 months after the recession ended, the economy shed 93,000 jobs.

2 years in a row more in poverty Asian debt withdrawal threat to us deficit { September 7 2003 } Asian unpegging crucify us { October 3 2003 } Bush bid weaken dollar against asia { September 24 2003 } Bush cuts schools highways { September 10 2003 } Bush priorities under scrutiny Bush takes credit economic upturn { September 1 2003 } China brings us export resictions into trade debate Deficit not manageable { September 18 2003 } Deflation still worries federal reserve { September 17 2003 } Deflation will continue for years { September 10 2003 } Disappointed earnings bonds rally Dollar gains on euro { September 2 2003 } Dollar over valued { September 18 2003 } Dollar plunges 3 year low Dollar tumbles low against euro { October 8 2003 } Economy expands fastest since 1984 no jobs { October 31 2003 } Fed holds rates warns on deflation Firms dont buy rebound Firms still slashing jobs Foreign investors fear weak dollar { September 22 2003 } Gold hits 7 year high { September 25 2003 } Gold records as tumbling dollar { September 10 2003 } Government claims unemployment stabilizing { October 3 2003 } Grocery workers 3rd day strike san diego { October 14 2003 } Job loss like great depression Jobless claims lowest eight months { October 9 2003 } La transit strike may strand 500 thousand { October 14 2003 } Mass august layoffs { September 26 2003 } Monthly costs iraq approach vietnam Poor gained 1 3m in 2002 { September 3 2003 } States risk big losses bond funding pensions { October 12 2003 } Stocks at 14 month high { September 2 2003 } Stocks fall economy worries { September 30 2003 } Stocks lower after production data Stocks rebound hopes intact { October 1 2003 } Stocks rise on upbeat analyst reports { September 8 2003 } Stocks slip bonds rise Trade gap bring down dollar warns imf { September 19 2003 } Trade gap could bring down dollar { September 19 2003 } Uninsured increases 2 4 million last year { September 30 2003 } Us bonds face gloomier future as selling continues { September 7 2003 } Us closes last levis manufacturer { September 26 2003 } Us losing millions manufacturing jobs { September 4 2003 } Weak dollar raises stocks Files Listed: 45

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