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BusinessSeptember 18, 2000

Wholesale prices fell for the first time in four months and Americans spent more cautiously in August, increasing the odds that the Federal Reserve won't raise interest rates for the rest of the year. Taken together, Thursday's reports show that the Fed's 15-month string of interest-rate increases is working to ward off inflation and keep the record-breaking economy on an even keel, economists said...

Wholesale prices fell for the first time in four months and Americans spent more cautiously in August, increasing the odds that the Federal Reserve won't raise interest rates for the rest of the year.

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Taken together, Thursday's reports show that the Fed's 15-month string of interest-rate increases is working to ward off inflation and keep the record-breaking economy on an even keel, economists said.

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