US stocks decline fed rate fears increase

Stocks stumbled today as mixed economic news and further hints of higher interest rates from Federal Reserve Chairman Alan Greenspan kept buyers at bay.

US stocks decline fed rate fears increase

Stocks stumbled today as mixed economic news and further hints of higher interest rates from Federal Reserve Chairman Alan Greenspan kept buyers at bay.

The Fed chairman offered a modest endorsement of President George Bush’s idea of setting up private retirement accounts for younger workers in testimony before the House Financial Services Committee, but said that alone would not solve Social Security’s long-term problems.

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