... than $100,000, and most money market mutual fund shares. The rates banks charge each other for overnight loans and anchoring most other short interest rates came as major retailing chains reported different results, after strong gains. By doing this the Fed hopes to encourage more money growth in different ways. The first step is to lower rates by the public ... , left M2 not only below the range's midpoint but outside it altogether. Most investors and financial analysts were surprised by the action. President Bush spoke to the American Society of Newspaper Editors and praised the feds d...

• Word Count: 570
• Approx Pages: 2
• Grade Level: High School