Fed likely to hold rates down

07/15/2003 | Washington Post, The · MSNBC · Financial Times (free content) · NYTimes.com

Federal Reserve Chairman Alan Greenspan said the economy has hit a "turning point," citing a jump in stock prices and an uptick in consumer confidence. But employment figures and production continue to decline, which could prompt the Federal Reserve to reduce interest rates even further.

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Washington Post, The · MSNBC · Financial Times (free content) · NYTimes.com

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