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Bluefield Daily Telegraph in Bluefield, West Virginia

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 12, 1999

Page

5

West Virginia GSP Edges Higher Despite Slow 1996 97 Growth

West Virginia's latest gross state product estimate shows slow growth for 1996 to 1997 but remains on pace with the nation over seven years. Economist George Hammond notes one year does not indicate a trend as diversification reduces swings and real GSP growth matches 2.7 percent for the period, placing WV 33rd among states.

West Virginia George Hammond West Virginia University Bureau of Business and Economic Research Federal Bureau of Economic Analysis Hammond District of Columbia

Inflation tame tat Americans spend at non stop speed

Inflation cooled at the wholesale level in May with a 0.2 percent rise in the Producer Price Index as gasoline prices declined after a prior spike. Retail sales surged 1 percent led by autos, with total sales up 7.8 percent from May last year, signaling strong consumer demand and possible Fed rate hikes.

J Fashington Labor Department Commerce Department Oscar Gonzalez John Hancock Fed Tim O’neill Harris Bank Bank of Montreal Cynthia Latta DRI McGraw Hill Japan

Consumers Brace for Fed Rate Hike as Market Jitters Rise

In New York AP report, consumers rush to lock in historically low mortgage rates ahead of potential Federal Reserve increases. Builders face higher material costs and doubt about rate moves, while real estate firms report brisk buying in June as buyers seek security amid economic uncertainty. Dorcas Helfant of Coldwell Banker helps illustrate the surge in market activity and buyer caution ahead of possible policy changes.

New York Wall Street Federal Reserve Dorcas Helfant Coldwell Banker-Helfant Realty Virginia Beach Helfant National Association of Realtors Washington Fed Federal Open Market Committee

Y2K guidance urges investors to prepare before celebrations

Federal regulators and industry leaders released a Year 2000 Investor Kit advising investors to organize finances, obtain Y2K literature from brokers and funds, monitor provider computer readiness, and maintain long term investments. SEC Chair Arthur Levitt and NASD head Frank Zarb emphasize preparedness and the kits’ utility as a road map for clients.

Washington Arthur Levitt Securities and Exchange Commission Frank Zarb National Association of Securities Dealers Nash.com SEC Sec.gov

Sharp stock fall ends dismal week

New York stocks plunged Friday extending a weak week on Wall Street amid rising expectations that the Federal Reserve will raise rates to cool the economy. The Dow fell 130.76 to 10,490.51 as rumors of an early Fed meeting and a hedge fund failure rattled traders after a mixed Producer Price Index report.

New York Wall Street Federal Reserve U.S Fed

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