Hopes fall for US interest-rate cut

Friday 15 September 1995 23:02 BST

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Hopes fall for US interest-rate cut

An unexpectedly large rise in US industrial production last month set back hopes that the Federal Reserve will cut interest rates at its 26 September policy meeting. Share and bond prices were both lower at midday in New York. Production jumped 1.1 per cent in August, and its year-on- year growth rose to 3.2 per cent.

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Hopes fall for US interest-rate cut

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