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Economy / Interest Rates / Consumer Spending #187946

ABC Evening News for Tuesday, Aug 24, 1999
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(Studio: Charles Gibson) Report introduced.

(New York: Bill Redeker) The Federal Reserve Board's decision to raise interest rates examined; scenes shown from the floor of the Chicago Board of Trade; details given of the economic factors involved in Fed chairman Alan Greenspan's decision. [Bond futures trader Michael BOSS, bond fun manager Marilyn COHEN - comment on the economy.] Stock Market Report.

(Studio: Charles Gibson) Report introduced.

(Atlanta: Erin Hayes) The psychology of consumer spending examined. [Bank president Joe GOYNE, economist Donald RATAJCZAK - say young Americans have never seen adversity.] Statistics on consumer confidence, savings and borrowing cited. [Consumer Waylon FIELD - says it was "free money."]

Gibson, Charles;
Hayes, Erin;
Redeker, Bill

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