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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (62419)	3/28/2002 12:49:26 AM
From: StanX Long	Respond to of 70976

US recovery signs mount with housing, Fed reports Reuters, 03.27.02, 6:27 PM ET forbes.com By Mark Felsenthal WASHINGTON, March 27 (Reuters) - A strong housing report from the government and a gauge of broad activity issued by a regional Federal Reserve bank on Wednesday lent confidence to the view that the U.S. economic recovery is gaining momentum. Economists said signs pointed to a gradually accelerating rebound that would let the inflation-wary Federal Reserve leave interest rates at current four-decade lows for the time being, a view supported by recent comments from Fed officials. "There's still not enough to suggest that the Fed is about to be raising rates," said Steve Ricchiuto of ABN Amro.