Fed upbeat about economic rebound

In their final meeting of the year on Tuesday 9 December, Fed Chairman Alan Greenspan and his colleagues offered their most upbeat assessment of the economy in recent months. In another encouraging note, Fed policy-makers said that the dangerous prospect that inflation could move lower was less of a concern now than it has been.

Source: Associated Press

Near rock-bottom borrowing costs probably will stick around well into 2004, but Federal Reserve policy-makers may start to nudge them up in

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