Consumer optimism persists despite Fed rate hike to 5.75 percent
The Federal Reserve raised short term rates by a quarter point to 5.75 percent, the fourth increase since last June, yet consumer confidence and spending reach record highs. Strong employment, rising personal income, and a booming stock market offset higher borrowing costs, with housing and auto sectors continuing robust in December and January car sales rising 10 percent. Entrepreneurs and consumers, including Miguel Macias and other optimism figures, note continued growth potential despite mortgage rates at 8.25 percent. Economists say rate hikes intend to temper the boom rather than end it, while confidence hinges on personal financial outlooks and job security.
MENTIONED IN THIS ARTICLE
New York
Federal Reserve
Fed
United States
Morgan & Co
Leading indicators signal further growth in 2000
The Conference Board’s leading index rose 0.4 percent in December to 108.7, the highest on record, signaling continued expansion. New home sales climbed 4.5 percent to a 900,000 annual rate, helping annual 1999 totals to an all-time high. The Fed raised short term rates a quarter point to curb inflation.
MENTIONED IN THIS ARTICLE
New York
U.S
Conference Board
Washington
Commerce Department
Federal Reserve
Jordan
Fed
Suspect pleads guilty in 3-year-old abduction case
Lancaster Ohio AP A man abducted a 3 year old and hid her in an attic for days pleading guilty to kidnapping rape and other charges He faces up to 45 years to life He could be eligible for parole after 10 to 45 years depending on a sexual predator determination The victim now four was found bound and severely weakened in an attic near her home
MENTIONED IN THIS ARTICLE
Lancaster
Ohio
Jason Wagner
Tullis Rogers
Wagner
Fairfield County
David Landefeld
Michigan
Free Scholarships offer $10,000 daily with no essay needed
Boston AP reports Free Scholarships com plans a daily $10,000 college fund with no essay or interview, funded by marketers chasing youth markets. Winners chosen by random draw may recur. site directs checks to colleges or lenders and requires registration.
MENTIONED IN THIS ARTICLE
Boston
Free Scholarships.com
Mark Cannon
National Association For College Admission Counseling
Chuck Digate
Florida prison guard arrested in slaying of death row inmate
Four guards face second degree murder charges in the death of death row inmate Frank Valdes at Florida State Prison near Starke. Capt. Timothy Thornton Sgt. Jason Griffis Sgt. Charles A Brown and Sgt. Robert W Sauls turned themselves in with $100000 bonds. A grand jury indicted nine guards. proceedings set for Thursday.
MENTIONED IN THIS ARTICLE
Valdes
Florida State Prison
Starke
Also Mentioned on This Page
Orr
Miguel Macias
el Paso
FBI
Jonesboro, Ga
Lenin
Godfrey Wood
Greater Portland
Chambers of Commerce
Bryan Jordan
Banc One Investment Advisors
Columbus
Rogers
Jeffrey Gerken
Gerken
Digate
Embark.com
FreeScholar
Timothy McDonough
American Council On Education
McDonough
Dallas Martin
National Association of Student Financial Aid Administrators
Iwon.com
MediaMetrix
CollegelIsPossible.org
Florida
Gall
Stardust
Dennis Snyder
Sundowners
Dwaine Thomas
Andrews
Odessa
Faithful Men
Carol Siddall
Mike Nelson
Black Gold
Globe of the Great
Midelsa
Ector County Coliseum
42Nd & Andrews Hwy
Midessa Marine Dealers & Odessa Chamber of Commerce
Eve OF the Beholder
MR Ripley
Eerey
Down TO
Fyr
Ees Deuce Bigelow
JBS Parkway
Faby
Scream3.com
Etemiors
Preston Smith RD
Nea Acs
Century Odessa
Hwy
Preston Smith
Arne
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