Fed may push half point rate hike as inflation rises
Economists expect a 0.5 percentage point increase in the federal funds rate to 6.5 percent, with lenders quickly lifting prime rates. Signs of accelerating inflation and wage growth buoy forecasts for tighter policy, followed by a likely June move after a June meeting.
MENTIONED IN THIS ARTICLE
Fed
Washington
David Jones
Aubrey G. Lanston & Co
New York
National Association For Business Economics
U.S
Bank One Corp
Agency proposes tougher standards on colleges' teacher prep
Charles R. Hokanson Jr. reports that researchers at Thomas College note many first-year hires lack full certification. Bob Chase of the NEA argues that even great minds could struggle in teaching. In Maryland only eight of 22 teachers colleges hold credentials, highlighting potential reforms.
MENTIONED IN THIS ARTICLE
Bob Chase
National Education Association Teachers Union
Albert Einstein
Maryland
Treasury bill auction sees higher short term rates
Washington AP reports Treasury Department sold 8.5 billion in three month bills at 6.065 percent and 7.5 billion in six month bills at 6.25 percent. Rises mark highest yields since 1991 and 1995 respectively. Fed rate also rose to 6.38 percent last week from 6.24 percent.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Federal Reserve
Thurmond Hospital Stay Briefly Extends Capitol Return
Washington AP Senator Strom Thurmond entered Walter Reed Army Medical Center feeling ill. Doctors advised overnight stay to fully recover before resuming duties. The South Carolina Republican is the oldest senator in US history and recently spent time in hospital for dehydration and a stomach ailment.
MENTIONED IN THIS ARTICLE
Washington
Strom Thurmond
Walter Reed Army Medical
Thurmond
R S.C
Capitol
U.S. team to re inspect suspect site in North Korea
A U S team will examine a site once deemed a covert nuclear production HQ in North Korea. The 1999 US inspection found only a large tunnel and no equipment, under a 1994 accord the North promised not to use the site for weapons.
MENTIONED IN THIS ARTICLE
U.S
North Korea
Washington
State Department
United States
Suspect in zoo shooting to stay jailed before trial
Antoine B. Jones, 16, remains in custody after a preliminary hearing as he faces assault charges in a zoo shooting that injured seven youths aged 11 to 16. An 11 year old boy is reported in critical condition. Detective Ralph Durant testified about a dispute between two groups connected to the case.
MENTIONED IN THIS ARTICLE
Ing
Antoine B. Jones
Jones
Oome
Metropolitan Police
Ralph Durant
Also Mentioned on This Page
Alan Greenspan
Diane Swank
Charles R. Hokanson Jr
Thomas
Capital News Raupup
Sen. Strom Thurmond
Stynuhie
Erin
Saxony
Permian Basin
East
8Th Street
Odessa
Texas
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