Fed Cuts Interest Rate Increases Citing Slower Inflation
The Fed lowered the funds rate after tightening since February 1994, signaling inflation pressures have receded. Analysts expect limited savings for cardholders as quarterly rate adjustments delay impact until October, with the average family saving under one dollar monthly. The Dow rose 48.77 to a record 4664. Greenspan credited the moderation in inflation for the modest policy shift.
MENTIONED IN THIS ARTICLE
United States
Robert McKinley
RAM Research Corp
Fed
Dow Jones
Alan Greenspan
Hanson Runs for Mayor Seeks Change From Serbousek Era
In a race shaped by new leadership aims Hanson says he will differ from Serbousek. With Smith and Hanson seeking seats at least two council positions may be open in the November 7 election. Nomination deadlines run Aug 28 to Sept 21 with a primary on Oct 10 if needed.
MENTIONED IN THIS ARTICLE
Serbousek
Hanson
Smith
P.T. Larson
Larson
Coe College
Nancy Evans
Cedar Rapids
Brad Harper
Tim Camp
Don Thomas
David Kramer
Kramer
McClellan Air Force Base in Focus in Closures Fight
The 11,000 civilian jobs at McClellan Air Force Base in California are central to a political clash after the Defense Base Closure and Realignment Commission recommended closing the 3,800 acre facility. President Clinton and Governor Wilson face pressure to preserve or overturn the plan while supporters cite saving taxpayers 160 million annually. The base, with hospital and clinic services for many retirees, would lose major operations and thousands of personnel if closed.
MENTIONED IN THIS ARTICLE
Mcclellan Air Force Base
Calif
Jimmy Doolittle
McClellan
Defense Base Closure and Realignment Commission
Clinton
Sacramento
Park Air Force
Pentagon
Pete Wilson
Dianne Feinstein
Barbara Boxer
Michael Picker
Joe Senna Jr
Commission
Mather Air Force Base
Helen Steuben
Air Force
Army
Hezekiah McClellan
James Doolittle
Japan
Doolittle
Bill Cooner
Tokyo
China
Also Mentioned on This Page
Anthony Martinez
McClellan Air Force Base Museum
Krebs Flower Shop
18Th St
Wilson Ave
Rel
Lebedary
BEDA
Voraille
Westiele Mall
Voli
Cedar Falls
Wve
Disney
Vipeor
Baer
Cedar Falls College Square
Cedar Rapids Lindale Mall
Westdale N
Dubuque
John F. Kennedy Rd
Iowa City
Old Capitol Center
Sycamore Mall
Waterloo Crossroads
John F. Kennedy
Patriot Games
QOH
Ray Sieg
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