Fed trims rates for sixth time this year
The Federal Reserve cut rates by a quarter point for the sixth time this year signaling a possible end to bolder easing. Analysts expect at least one more move in August, with some forecasting the last of half-point cuts to support the economy. Wall Street showed mixed results as Dow slipped while Nasdaq edged higher on the decision.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Allen Sinai
Decision Economics
New York
Wall Street
Fed trims rate by quarter point for sixth cut this year
The Federal Reserve reduced the federal funds rate by a quarter-point to 3.75 percent on Wednesday, marking the sixth cut this year. The move lowers borrowing costs and signals ongoing monetary easing amid markets awaiting the impact on growth.
MENTIONED IN THIS ARTICLE
Fed
Federal Reserve
Federal
Boucher pushes coal powered plants aid in energy plan
U S Rep Frederick C Rick Boucher D Va urges coal to drive energy strategy introducing HB 2323 in the House Energy and Air Quality Subcommittee He says the bill would provide financial incentives to use coal in electricity generation boosting Southwest Virginia economy and encouraging new coal fired plants He stressed using America s abundant fuel to a greater extent from Washington on a Wednesday afternoon.
MENTIONED IN THIS ARTICLE
Bluefield
U.S
Frederick C
Rick” Boucher
D-Va
Boucher
House
Energy and Air Quality
Virginia
Frederick
Rick’ Boucher
America
Washington
Highway Officials: 1 73 74 project still on track
Bluefield Michigan and Ohio suspending corridor studies will not affect Interstate 73 74 construction in Bluefield. King Coal Highway Executive Director Mike Mitchem says Virginia and West Virginia continue their portion and a June 30 2002 interchange completion is targeted.
MENTIONED IN THIS ARTICLE
Bluefield
Michigan
Ohio
Virginia
West Virginia
King Coal Highway
Mike Mitchem
Mitchem
U.S. Route
Cedar Bluff bids boundary hearing with county foes
Cedar Bluff officials press the Tazewell County Board of Supervisors to honor a May 15 motion for a public hearing on a disputed boundary adjustment. Richlands also seeks the same land and a hearing, targeting land near the county school complex, Gateway Shopping Center, and Jones Chapel Road. The supervisors had postponed Cedar Bluff’s move last week.
MENTIONED IN THIS ARTICLE
Cedar Bluff
Richlands
Tazewell County Board of Supervisors
Jim McGlothlin
the Board
Gateway
Jones Chapel Road
Richlands High School
Gas prices dip to $1.24 a gallon in Bluefield area
LUEFIELD Va motorists cheer as regular unleaded drops to $1.24, the lowest in years, with officials predicting further declines to about $1.19 to $1.20 by summer. AAA spokesman Larry Peters cites rising inventories and conservation as drivers, while noting the national average may slip toward $1.50.
MENTIONED IN THIS ARTICLE
Bluefield
Richard Dobbins
Corner Mart
AAA
Luefield
Larry Peters
AAA Automobile Club
Peters
Food City
Also Mentioned on This Page
Lone
John Nelson
Jada Morton
Sheila Prunty
Jada
Joycelyn
Bluefield Intermediate School
Mercer County
Energy Express
Source
U.S. Rep
Charles Owens
The
Daily Telegraph
Seneeee
Ter
Brayhill
LA Z-Boy
England
Millennium
Kammer
Bland St
Abby
Everett, Wash
Superior Court
Thomas Wynne
Steven G. Childress
Texaco
Lynnwood
Childress
John Nelso
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