11. U.S industrial production grew at a slower-than-expected pace in October, Federal Reserve figures showed today, a sign U.S. growth may be cooling. 12. US-BONDS New York -- U.S. bonds gained after reports on labor and manufacturing suggested economic growth may have cooled enough to quell inflation. 13. A full slate of benign economic reports provided the spark for the gains amid hopes that growth will cool to a more sustainable, less inflationary pace. 14. Still, he said, job growth clearly has cooled along with the economy. 15. Greenspan testified before a Senate committee Wednesday telling legislators that economic growth was cooling at an appropriate level and that inflation should not be a threatening factor. 16. On Wall Street, markets rallied in response to the signs that economic growth was cooling, which could mean an end to the boosting of interest rates. |