Business Services Industry
Daily Mail, London, Alex Brummer column.
Knight Ridder/Tribune Business News, September, 2004
By Alex Brummer, Daily Mail, London Knight Ridder/Tribune Business News
Sep. 22--FED PUTS BRAKE ON GROWTH: The Federal Reserve, America's central bank, is determined to set interest rates in the United States back on course to normality.
Last night's quarter- point increase in the key US interest rate to 1.75 percent is the third in a row and signals that Fed chairman Alan Greenspan believes that recovery is here to stay.
There are some signs that the momentum of the US expansion is slowing. The OECD has pared back its forecast for growth in that country this year from 4.7 percent to 4.3 percent. But Greenspan believes that the trend in output is robust, the labour market improving and inflation benign.
All the indications...
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