Fed to hike rates amid booming economy and rising inflation
Washington economists expect the Federal Reserve to raise the federal funds rate by a half point to 6.5 percent as strong inflation signals appear, with unemployment under 4 percent and GDP growth near 5.4 percent. Analysts warn wage pressures could push prices higher and prompt a faster tightening stance.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
David Jones
Aubrey G Lanston & Co
New York
U.S
Alan Greenspan
Diane Swank
Bank One Corp
Chicago
Fed
Avon Commons slated to open in March after years of opposition
Avon Commons developers say the $50 million shopping center will open retail shops in March 2001 with a grand opening in summer. The project includes Kohl’s Target Old Navy Barnes & Noble and more with $1.8 million in road improvements to begin in two weeks and paving and landscaping planned by fall. Ground was broken last November after a 1997 proposal met legal challenges and voter approval in 1999.
MENTIONED IN THIS ARTICLE
Mike Sakal
Chronicle
Velogram
Avon
Avon Commons
West March
Mitchell Schneider
First Interstate Development Corp
Schneider
Avan Commons
Detroit Road
Kohl's
Rome
Target
Lemen’s
Marshall's Discount
Old Navy Clothing
Michael's Crafts
Barnes and Nobles
Gerald Phillips
Schneider's Company
Industrial production climbs as inflation fears grow
Industrial production rose 0.9 percent in April, the strongest since August 1998, signaling booming economy but fueling inflation concerns. Economists say the gain could justify a 0.5 point rate hike as Fed policy makers prepare to meet, with markets rallying in anticipation.
MENTIONED IN THIS ARTICLE
The
National Association For Business Economics
Federal Reserve
Joel Naroff
Naroff Economic Advisors
Expec
Wall Street
Fed
Central Bank
First Union
David Orr
Continental withdraws fare increase after weekend push
Continental Airlines reversed plans for a fare hike of 10 to 30 dollars a round trip that had alarmed business and leisure travelers. Analysts doubted other carriers would mirror the move but expected more attempts to lift fares this summer as United American Delta and US Airways had previously signaled changes in their positions.
MENTIONED IN THIS ARTICLE
Houston
Continental Airlines Inc
Continental
Juke Gardner
United Airlines
American Airlines
Delta Air Lines
US Airways Inc
Local stocks early quotes update from AISGG list
Early quotation data supplied by Akin Investment through Walnut Street Securities lists varied stock prices and changes for names including Alltel American Greetings Amas Dept Storag Bob Evans Cedar Fair Cleveland Indians Columbia Energy CVS DaimlerChrysler Emerson Electric Engishard First Energy Ford Motor General Motors Geon BFGoodrich Guasi Supply Hormel related names with prices noted, reflecting a market snapshot.
MENTIONED IN THIS ARTICLE
Akin Invastment
Walnut Street Securities, Inc
NASD
SIPC
AISGG
WSS
Alltel
American Greatings
Amas Dept Storag
Bob Evans
Cedar Fair
Cleveland Indians
Columbia Energy Group
CVS Corp
DaimlerChrysler
Emnarson Electric
Engishard
First Energy
FirstMent Bancorp
Ford Motor
General Motors
Geon
Bfgoodrich
Guasi Supply
Horeywetl, Inc
Also Mentioned on This Page
United States
Greenspan
Richard Yamarone
Argus Research Corp
Ovens
Eendara Aiespak
GPNE KREBS / CHRONICLE
Moore
Eas Ars
Benrey
Sia
Maps Bel
Pepe
S&s
Biss Als Krogers
Freeiaag
Afar SG
Invacare Corp
Keycore
Lear
LNB Bancorp
LTV Ath Lesco
Limited
Nordson Corn
Northarn Savings
Office Max
PNC Corp
Parker Hannifin
APM Inc
Royal
Sunrise Medical
TRW Inc
USX
York International
Emergency Medical Services
FMS
Lorain County
Community Health Partners
Pariners
Health Partners For Life
Region of Cabal
Healthcare Partners
Kolbe Road
Lorain
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