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Economy: Prime Rate / Housing / Heat Wave / Retail Sales #322648

CBS Evening News for Thursday, Aug 11, 1988
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(Studio: Bob Schieffer) Major United States banks reported raising prime lending rate to 10. Federal Reserve Bd.'s raising of discount rate for banks recalled. Report introduced.

(Los Angeles, California: David Dow) Housing prices in Orange Cnty., California, featured. [National Association of Realtors spokesperson John TUCCILLO - comments on hsing. market] Housing cost increases across country illustration [Real estate agent Amy PADNICK - comments on California market] [Jackie DAY - comments on high prices.] [TUCCILLO - says Federal Reserve Bd. has put damper on housing boom.]

(Studio: Bob Schieffer) National air condition bill illustration; heat wave discussed. Commerce Department's retails sales for July illustration

Dow, David;
Schieffer, Bob

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