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The report eased concerns about a possible series of interest rate increases.
But a cash problem persists in some ways despite the Federal Reserve's series of interest rate cuts.
"We did not decide today that it was the first of a series of interest rate increases," he said.
The Center offers a unique and powerful archive of trend data that allows users to customize time series of interest.
The central bank's half-point cut in the discount rate to 6percentt, announced Thursday, spawned a series of interest rate reductions by commercial banks across the country.
As the Asian economies recovered and the U.S. economy continued its solid expansion, he initiated a series of interest rate hikes in June 1999.
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Now the job market appears to be weakening, after a protracted series of interest-rate increases by the Federal Reserve.
In response, the government imposed a series of interest-rate cuts that quickly sent asset prices soaring.
Inflation is showing signs of falling, which should allow the central bank to reverse its long series of interest-rate hikes.
The world's second-largest economy went into a recession at the beginning of the 1990's and has never really gotten out, despite a series of interest-rate reductions that eventually brought short-term rates down to zero.
[C12.] Ten-year Treasuries had their biggest gain in almost seven months on speculation that slower global growth will cause the Federal Reserve to end a series of interest-rate increases sooner than previously anticipated.
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