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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: BRANDYBGOOD who wrote (71802)11/16/1999 2:23:00 PM
From: Connor26  Read Replies (1) of 120523
 
Fed raises U.S. rates, shifts to neutral stance
WASHINGTON, Nov 16 (Reuters) - The Federal Reserve raised two short-term interest rates on Tuesday to ensure inflation stays dormant in the buoyant U.S. economy and signaled this may have been the last increase in borrowing costs for a while.

The U.S. central bank's decision takes the federal funds rate on overnight loans between banks to 5.5 percent from 5.25 percent, back to the level it was before the Fed started a series of three rapid-fire rate cuts last year. To amplify its move, the Fed also raised its discount rate on direct loans to banks to 5.0 percent from 4.75 percent
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