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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (2555)	9/24/2002 2:20:51 PM
From: Techplayer	Read Replies (1) \| Respond to of 57110

2:12pm 09/24/02 Fed keeps rates unchanged By Rex Nutting The Federal Reserve kept its overnight interest rate unchanged at 1.75% Tuesday, despite mounting evidence that the economy is weakening. The Federal Open Market Committee acknowledged the risks to the economy in a statement following its closed-door meeting. The Fed said the economy was growing at a "moderate pace," but was not certain when its "accommodative policy" would lead to sustained growth. The vote was 10-2, with Gov. Edward Gramlich and Dallas Fed President voting against.