Kungfuonline.Org

August 31, 2005

Economic outlook post Katrina

Filed under: articles — Tags: — luke @ 3:11 pm

The storm destroyed offshore drilling rigs and pipelines in the region, which produces one-third of the oil and a fifth of the natural gas in the U.S. With record fuel prices already threatening to slow growth, investors today increased bets the Federal Reserve will take a break in raising its target interest rate by year-end.

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