Federal Reserve and Interest Rates
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From the Paper:"THE 24 SEPTEMBER 1996 FEDERAL RESERVE DECISION ON INTEREST RATES: AN ANALYSIS OF CAPITAL MARKET ACTIVITY
The Federal Open Market Committee of the Federal Reserve, meeting on 24 September 1996, voted to hold interest rates steady ("The Fed" 21). This research analyzes some of the activity of the capital market in the United States, with an emphasis on the influence on this activity of employment, manufacturing, and retail sales indicators in the three-week period prior to the meeting on 24 September 1996.
The official insured unemployment rate in the United States for August 1996 was 5.1 percent, down from 5.4 percent in July 1996 (?Economic Indicators,? 21 September, 104; ?Economic ..."
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