THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Wednesday, January 19, 2000

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Money

Forex
Stock prices will drive interest rates
MR. ALAN Greenspan's speech last Thursday to the Economics Club in New York has clearly shortened the odds for a 25 bps rate rise at the next meeting of the US Federal Reserve in February. The Fed Chairman worried about the excessive buoyancy in consumer spending, sparked off by the newly-created wealth in the stock market.


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