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Europe Daily Bulletin No. 8767

12 August 2004
GENERAL NEWS / (eu) united states/fed

11/08/2004 (Agence Europe) - As expected, the Federal Reserve raised its main interest rate on Tuesday by a quarter of a point, despite the uncertainty surrounding the upturn of the US economy. Alan Greenspan announced that the Federal Funds interest rates had risen to 1.5%. This follows the 30 June 2004 rise, also of a quarter point. In a press release, the Fed recognises that growth in production and the labour market had slowed, but Alan Greenspan expressed confidence in growth speeding...