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Bluefield Daily Telegraph in Bluefield, West Virginia

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Jun 26, 1994

Page

6

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.

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.

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.

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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