TITLE

Wall Street: Should it fret or cheer?

PUB. DATE
May 1994
SOURCE
U.S. News & World Report;5/2/94, Vol. 116 Issue 17, p17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Discusses how the stock market doesn't know whether to celebrate the economy's current strength, which is producing strong corporate profits, or to fret about higher interest rates, which could cause a slowdown by stalling purchases of homes, cars and heavy equipment. Federal Reserve Board which has pushed up the federal fund rate for the third time in 1994; How economy has cooled off substantially from its 7% growth rate in late 1993; Worry that the Fed has gone too far.
ACCESSION #
9404267516

 

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