Fed signals no rate cut this week amid modest easing
Federal Reserve policymakers are not expected to cut rates at this week’s meeting with analysts forecasting only one further reduction in 1990. A July 5-6 cut from 6.0 to 5.75 percent sparked market optimism, though economists anticipate limited relief for borrowers with variable rate loans.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Allen Sinai
Lehman Brothers Global Economics
New York
Central Bank
Federal
Markets steer rate cuts as Greenspan signals easing risks
The Fed cut rates and a matching prime lending rate move buoy hopes the economy is past the recession risk. Analysts foresee limited further cuts, with possible reductions by September or November to about 5.5 percent, as growth indicators rebound from spring weakness.
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Fed
Central Bank
Federal Reserve
Alan Greenspan
Congress
David Berson
The
Federal National Mortgage
ResourceLink telemedicine aims to monitor home patients nationwide
Lawrence firm H.E.L.P. Innovations develops ResourceLink a telemedicine system using cable TV to stream live video and data from homebound patients to nurses. Seed funding from Raw Holdings and Kansas Technology Enterprise Corp. supports testing in Lawrence Hays and Overland Park with potential $1.9 million federal grant.
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Lawrence
H.E.L.P. Innovations L.C
Hays
Overland Park
H.E.L.P
Resource Link
Linda Roman
Roman
ResourceLink
Raw Holdings Inc
Kansas Technology Enterprise Corp
U.S. Department of Commerce
Advanced Technology Program
Babcock Place
Sterling Heights Nursing Home
Kansas University School of Medicine
Kansas City
Kan
Innovative Health of Kansas Inc
Judge approves antitrust pact but Windows 95 probe continues
A federal judge approved Microsofts antitrust settlement with the Justice Department ending the long fight over terms. The agreement does not end the probe into Windows 95 licensing and marketing plans, with officials set to review potential violations. CCIA presses for broader protections. others consider private suits.
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Microsoft Corp
Justice Department
Microsoft
Anne K. Bingaman
Jackson
U.S
Stanley Sporkin
Sporkin
Computer & Communications Industry Association
CCIA
Ed Black
Black
County jobless rate falls in Kansas July
Douglas County's unemployment rate dropped to 5.1 percent in July from 5.8 percent in June, with July 1994 at 5.4 percent. The state rate fell to 4.4 percent in July from 4.8 percent in June. Wayne Franklin notes a typical seasonal pattern as summer employment peaks, but employment remains better than a year ago.
MENTIONED IN THIS ARTICLE
Douglas County
Kansas
Dow closes lower amid inflation and tech concerns
The Dow Jones fell 2.82 points to 4614.78 on Monday after an early 38-point gain, pressured by technology shares and inflation fears driven by rising grains, silver, oil, and other commodity prices.
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Dow
Tech
Dow Jones
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Norwest Corp
Minneapolis
Kansas Department of Social and Rehabilitation Services
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Rose Cox
Bloomberg Business News
Waddell & Reed
Ya Arrere
Income Tax Training School
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