Fed expected to keep rate hikes through year end
The Federal Reserve, citing solid economy growth after a spring slowdown, is anticipated to raise rates at each remaining 2005 meeting. Markets see the funds rate rising to 4.25 by year end, with long-term yields climbing and mortgage rates edging higher though still low by historic standards.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Alan Greenspan
David Wyss
Standard & Poor's
New York
Wall Street
David Jones
DMJ Advisors
Denver
Jones
Greenspan
Treasury
Productivity Downgrade Eases Fed Wage Pressure Fears
The Labor Department cut productivity growth estimates in recent years to align with late month GDP revisions. The 2003 figure is now 3.8 percent, down from 4.3 percent, while 2002 is revised to 4.0 percent from 4.3 and last year to 3.4 percent from 4.0, easing inflation worries for Fed policy.
MENTIONED IN THIS ARTICLE
Labor Department
NASA overanalysis sparks shuttle reflections after flight
NASA faced criticism of analysis paralysis as it reviewed the Discovery mission. Engineers documented the mission’s methodical tests and safety focus while noting a 1-pound foam loss and a torn blanket. Crewmembers praised ground support and emphasized safety over haste.
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Cape Canaveral
Shuttle
Bill Parsons
NASA
Discovery
Space Agency
Columbia
Readdy
International Space Station
Space Station
LeRoy Cain
Wayne Hale
James Kelly
Kelly
Orbit
Abbas Calls Calm as Gaza Withdrawal Looms
Mahmoud Abbas urged Palestinians to stay calm during Israel’s Gaza withdrawal and pledged January legislative elections. He warned against celebrations, said the pullout shows Palestinians deserve independence, and pressed for a civilized exit despite ongoing lawlessness and militant violence.
MENTIONED IN THIS ARTICLE
Lara Sakhtian
Associated Press
Gaza City
Gaza Strip
Mahmoud Abbas
Israel
Abbas
Gaza
West Bank
East Jerusalem
Likud
Uzi Landau
Ariel Sharon
Landau
Benjamin Netanyahu
Sharon
Palestinian Authority
Fatah
Hamas
Also Mentioned on This Page
Jad Tarmaden
Dinette
Renee What We
Baumans
Garnett
Hwy
Nkee
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