Do The Deal
Newcastle Herald
Thursday March 23, 2000
Do the deal: A trader in the Nasdaq 100 stock index futures pit at the Chicago Mercantile Exchange signals a trade on Tuesday. Investors shrugged off a quarter-point hike in US interest rates and kept on buying stocks, pushing the major indexes to more than 2% gains. The Federal Reserve's decision to raise interest rates for a fifth time since June is likely to be followed by additional rate boosts in coming months as the central bank struggles to slow the rampaging economy and keep inflation under control.
© 2000 Newcastle Herald
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