Interest Rates Hold Steady

By Mark Coatney Tuesday, Sept. 30, 1997
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It's still morning in America as far as the economy is concerned, meaning that the Federal Reserve has once again (yawn) declined to raise interest rates. The usual suspects are responsible a surging economy, low inflation and a moderate income growth in individual incomes.

With good news all around, Wall Street didn't even tremble in anticipating what Greenspan's boys would do; minutes before the announcement, the Dow was up eight points, and barely quivvered afterwards.