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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Jan 31, 2002
Page
8
A dense OCR listing funds from Velaware Invest and many sponsors showing mutual funds, bonds, stocks, and indexes with performance deltas, prices, and holdings across Amer Ex, American Funds, Fidelity, Vanguard, and more, reflecting a snapshot of fund names and latest numbers and changes. The fragmentary list highlights varied asset classes and fund families with assorted performance figures.
The United States posts a 0.2 percent annualized GDP gain in the fourth quarter driven by a 5.4 percent surge in consumer spending and a 9.2 percent rise in government outlays. Analysts vary on recession status while President Bush urges stimulus passage and NBER timing remains in question.
The Federal Reserve kept the federal funds rate at 1.75 percent after 11 straight reductions as signs the recession is ending grow clearer. The policy move coincided with a stock rally and a 4.75 percent prime rate, the lowest since 1965, with officials signaling potential future cuts if needed.
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