Tuesday, May 03, 2005

Quick Overview

  • Layoff announcements by U.S. companies fell to their lowest level since Nov. 2000, outplacement firm Challenger Grey & Christmas said Tuesday.

    • Orders placed with factories rose 0.1% in March, the Commerce Department reported Tuesday.

    • The Federal Reserve increased the federal funds rate from 2.75% to 3.00%, as expected.

    • U.S. durable goods orders were down 2.3% in March, a little better than the 2.8% drop in the advanced report.





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