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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Aug 22, 2000
Page
5
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A brief price roundup lists the lowest round-trip fares on busy routes as of August 21. These figures highlight competitive costs for travelers seeking economy options on popular U S air corridors.
In Washington the end of a long walkout saw a majority of Verizon Communications employees return to work to tackle a backlog of 280000 repair requests and new installation orders. Picket lines persisted in six states and the District of Columbia as union negotiators pressed unresolved issues.
Washington economists widely expect the Federal Reserve to hold rates at the August meeting. Most say the central bank will repeat July’s decision and issue a statement noting inflation risks while signaling no hike this week. Some analysts see the tightening cycle ending, while others caution policy may stay on hold through fall amid slower growth and an upcoming election.
Washington AP reports short term Treasury rates climb in Monday’s auction with three month bills at 6.110 percent discount yielding about 6.29 percent on a $10,000 bill. Six month bills at 6.37 percent discount yield about 6.371 percent. Treasury sold $9.5 billion in three month bills.
New York AP reports U S stocks closed higher as traders bet the Federal Reserve will hold rates Tuesday. Dow up 33.33 to 11 079 81 S&P 500 up 5.15 to 1 496 87 Nasdaq +12.89 to 3 943 23 Intel gains lift tech rally with a $1 50 rise to 72 063 amid upbeat earnings outlooks.
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