Us Rate-Rise Hint Takes Its Toll As Footsie Flounders ; Market Report
Evening Standard - London › April 21, 2004
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Summary
THE greater prospect of an imminent rise in US interest rates sent share prices on both sides of the Atlantic sharply lower.
Federal Reserve chairman Alan Greenspan told Congress last night that deflation was no longer an issue with the US economy.See the full content of this document
Extract
Us Rate-Rise Hint Takes Its Toll As Footsie Flounders ; Market Report
This was interpreted to mean that inflationary pressures are growing and the Fed will soon be forced to raise rates from 1%.
That left the Dow nursing...See the full content of this document
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