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Economy / Interest Rate #731625

NBC Evening News for Wednesday, Jun 25, 2003
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(Studio: Brian Williams) Report introduced.

(New York: Anne Thompson) The Federal Reserve Board’s decision to cut the interest rate examined; details given about the potential impact on the overall economy. [DMJ Advisors economist David JONES†- says the aim is to push rates low enough to boost growth and create new jobs.] [Business owner Nick FAIRBANKS‡- comments on the housing market.] [Mortgage Bankers Assn. Doug DUNCAN†- says mortgage rates are unlikely to fall.]

(Studio: Brian Williams) Stock Market Report.

(Los Angeles: Chip Reid) The adverse effect of lowered interest rates on investors and people on fixed incomes examined; rates on certificates of deposit cited. [Eric HAYSLETT††- comments on the diminished earnings on his savings.] [“Money” magazine Ellen McGIRT†- says seniors need to count on income from their investments.] [Investor Larry CHERTOFF††- comments on low-interest investments.]

Williams, Brian;
Thompson, Anne;
Reid, Chip

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