Fed move unlikely to derail economic expansion says Bent
Treasury Secretary Lloyd Bentsen called the rate increase a small amount and not a threat to solid 3 percent growth this year. He said inflation is contained and viewed the move as a pre emptive strike by the Fed despite Democrats arguing it could jeopardize a fragile recovery.
MENTIONED IN THIS ARTICLE
Treasury
Lloyd Bentsen
Fed
Congress
Paul Sarbanes
D-Md
Jim Sasser
Dtenn
E Fed
Norman Robertson
Carnegie Mellon University
Pittsburgh
David Wyss
Dri-Mcgraw Hill Inc
Wyss
Fed raises rates in surprise move amid market jitters
Analysts warn the decision signals tighter policy after a rare public announcement by the Open Market Committee. Chairman Greenspan cited prewarning concerns to avoid misunderstandings as markets fear a repeat of the 1987 Friday plunge and next Monday's trading may be unsettled.
MENTIONED IN THIS ARTICLE
Eugene Peroni
Jamey Montgomery Scott
Philadelphia
Fed
Alan Greenspan
Fed raises rates as saver benefits mix with mortgage costs
The Federal Reserve lifted short term rates raising mortgage costs while some savers may earn more on deposits and long term rates could ease. A Reuters Q and A explains rate moves, refinancing advice, and impacts on consumer and business loans.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve Board
Federal Reserve
Chicago Bank Lifts Prime Rate After Fed Move
A Chicago bank raised its prime lending rate from 5.5 to 5.75 percent hours after the Fed action. Raymond Wor sec k of A G Edwards predicts further bank adjustments after the Fed's next small hike this year. Some rates may not rise and long term loans could fall.
MENTIONED IN THIS ARTICLE
Fed
Chicago
Raymond A. Worseck
A.G. Edwards & Sons Inc
St. Louis
Warner Listed As Stable After Illness At Aiken Regional
Aiken County Council Chairman Carrol H. Warner remained in stable condition at Aiken Regional Medical Centers on Friday. County Administrator William Shepherd said doctors had not yet determined the ailment. The chairman was admitted after falling ill at home, and his family received many well wishes from supporters including U.S. Sen. Strom Thurmond and U.S. Rep. Butler Derrick.
MENTIONED IN THIS ARTICLE
Aiken
Aiken County
Carrol H. Warner
William Shepherd
Arner
Warner
U.S
Strom Thurmond
R-S.c
Butler C. Derrick
D-S.c
Police Seek Correct ID for Burglary Suspect in North Augusta
North Augusta authorities pursue proper identification of a burglary suspect arrested after attempting to force entry to two homes. The man, claiming to be Christopher Kelso of Augusta, was found hiding in a vacant loft and may face charges for the second break in. Neighbors aided deputies and the public is asked to assist in identification.
MENTIONED IN THIS ARTICLE
North Augusta
Aiken County
Aiken Coun- Sheriff's Ofce
Christopher Kelso
Dugas St
Augusta
Ac Kelsocording
Tim Hoffman
Sheriff's Department
Hoffman
Janice Morris
Carolina Springs Road
Shera
Morris
Also Mentioned on This Page
HSH Associates
Butler
Paul Havemann
HSH
Ms. Morris
Greenville
J.B. White Shop
Levi's
Aigner
Orig
INI
Tey Winleys
LEE Jeans
Ae — West
Santa Fe” Reg
Ladies’ Shoes
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!