Money Savers Fear Rate Swings in 1994
New York AP reports income focused savers and investors tread cautiously as rising rates disrupt the long decline of the early 1990s. The midyear outlook from Standard & Poor's notes volatility and a leveling off after a sharp rise since last fall, with Norman Fosback of the Income Fund Outlook weighing in on the uncertain path ahead.
MENTIONED IN THIS ARTICLE
New York
Standard & Poor's Corp
Norman Fosback
Income Fund Outlook Advisory
Bond funds face inflation fears as Fed tightens rates
Fort Lauderdale reports that the Federal Reserve’s policy raises short-term rates by one to two points, shaves profits for bond funds, and leaves analysts split on the path ahead. Optimists see disinflation, while risk remains for long-term investments and shrinking money market yields.
MENTIONED IN THIS ARTICLE
Fort Lauderdale
Fla
Federal Reserve
Fed
Wall Street
Stratton to take early retirement from Richmond Fed
After 34 years at the Charlotte office of the Federal Reserve Bank of Richmond, Robert F. Stratton will retire Aug 1 1994. He served as vice president of business development public information and bank security and taught economics and related subjects through the American Institute of Banking. Stratton, a Lawrenceburg Kentucky native, is a Presbyterian College alumnus and also attended the North Carolina School of Banking and the School of Banking of the South. He has chaired and served on several finance and education advisory boards in Charlotte.
MENTIONED IN THIS ARTICLE
Stratton
Charlotte
Federal Reserve Bank of Richmond
Robert F. Stratton
Lawrenceburg
Presbyterian College
Clinton
S.C
North Carolina School of Banking
Chapel Hill
N.C
School of Banking of the South
Louisiana State University
American Institute of Banking
American Bankers Association
Johnson C. Smith University
Central Piedmont Community College
Academy of Finance
Charlotte-Mecklenburg
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