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Economy / Interest Rates, Stock Market #317844

CBS Evening News for Friday, Sep 04, 1987
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(Studio: Dan Rather) Report introduced.

(Studio: Ray Brady) Federal Reserve Bd. chairperson Alan Greenspan reported raising federal discount rate after August unemployment figs. were determined; details given, scenes shown. Implications for prime rate, stock market and economy in general considered. [Analyst David JONES - explains implications for consumers.] Rel. between Federal Reserve Bd.'s discount rate and prime rate of maj. banks explained, illustrated on screen. [Home builder Fred ROACH - expects adverse impact on industry] [Real estate broker Arthur RIOLO - agrees.] Possible prime, mortgage and home equity loan rates next year outlined on screen. [JONES - expects bull market in stks. to halt.] "STK. MKT. REPORT"

(Studio: Dan Rather, Ray Brady) Basis of Greenspan's decision considered.

Brady, Ray;
Rather, Dan

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