Economists: interest rates will hit 7% by end of year

Article Abstract:

Economists polled by USA Today publication in a Jun 15, 2000-Jun 25, 2000, survey have predicted that the Federal Reserve System (Fed) will not raise loan interest rates at its meeting during the week of Jun 26, 2000, but will likely boost rates once or twice more to 7% by Dec 31, 2000. On average, economists who participated in the survey predicted that the Fed will increase short-term rates by a total of another half-point in at least two meetings before Dec 31, 2000. More than 90% believe that the Fed will make the correct decisions to achieve the slowdown required to stave off inflation.

Government regulation (cont), Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Loan Interest Regulation, Interest rates, Government regulations

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College towns, state capitals enjoy lowest jobless rates

Article Abstract:

The most ideal places to seek jobs are in university towns and state capitals, according to the Bureau of Labor Statistics (BLS). These areas, almost without exception, have among the best unemployment rates in their states that are also considerably below the national average. College towns have even better unemployment rates than state capitals in a trend which BLS economists have been aware of since at least 1990, but there has never been a study conducted to determine why this is so.

Government domestic functions, Public Administration, Local Government

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Mortgage rates sneak back down

Article Abstract:

Mortgage rates have declined by roughly half a percentage point and are hovering around 8.2% after spiking to about 8.7% in mid-May 2000, despite the Federal Reserve System's effort to slow down the economy and stave off inflation by raising short-term interest rates six times since 1999. However, IPI Skyscraper Mortgage chief Neil Bader believes that the lower rates will not likely reverse a gradual slowdown in housing sales and construction because the decline is not large enough.

Mortgage and Nonmortgage Loan Brokers, Interest rates, Consumer Mortgage Loans, Mortgages

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