91. Yesterday, U.S. bonds fell as the budget stalemate between the White House and the Republican-led Congress dampened optimism that the Fed will cut interest rates. 92. A surge in financial stocks pushed the market higher as Wall Street reacted to speculation that the Federal Reserve would cut rates more quickly than expected. 93. Asian shares closed mixed Wednesday, with Tokyo prices rising modestly on a report that Japan will cut capital gains taxes but negative local news pushing smaller markets lower. 94. But the news fueled optimism that the Federal Reserve will cut interest rates for a sixth time this year when it meets later this months. 95. Cutting jobs would also likely face stiff opposition from powerful trade unions. 96. Dealers said hopes that banks will cut the prime rate are fading with a sudden rise in interbank interest rate as the Indonesian rupiah weakened. 97. Dealers said hopes that banks would cut the prime rate were fading with a suddent rise in interbank interest rate as the Indonesian rupiah weakened. 98. Even the expectation that the Federal Reserve will cut interest rates again next week failed to put investors in a buying mood. 99. Federal Reserve Chairman Alan Greenspan has hinted that he needs to see a balanced-budget agreement, or something approaching that, before he will cut rates again. 100. Giuliani said when he revealed his illness that he would likely cut his campaign schedule in half. |