Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterEvidence mounts of a slowing economy
Friday, June 16, 2000 | 11:15 a.m.
THE ASSOCIATED PRESS
WASHINGTON -- Housing construction last month dipped to its lowest level in almost a year, providing fresh evidence that the Federal Reserve's six interest rate increases are beginning to slow the economy.
Builders began work on new homes at a seasonally adjusted annual rate of 1.59 million units in May, a 3.9 percent drop from April's level, the Commerce Department reported Friday.
The bigger-than-expected decline left housing starts at their lowest level since last June, when the Fed's latest cycle of interest-rate increases began.
The Fed's rate increases are designed to gradually slow the red-hot economy.
archive
- Most Read
- Discussed
- Most E-mailed
- 6th arrest made in officer’s death; 5 face formal charges
- Shoppers guide to Black Friday in Las Vegas
- Harrah’s working on plan to take over Planet Hollywood
- Judge’s divorce filing follows arrest of her husband, a lawyer
- ‘DWTS’ champ Donny Osmond still deft afoot in return to Flamingo
- Task force taking down mortgage scammers, one at a time
- Two years after Sports Illustrated feature, Bellfield says gamble paid off
- Contractors make another bid for Fontainebleau
- UNLV zaps Holy Cross, 80-59
- Martha Stewart has no business criticizing Palin
Blogs
The Kats Report
For Paul Stanley and KISS, rock and roll is not over (2 Comments)
Twenty years ago today, Human Nature took root on the farm (1 Comment)
Robin Leach's Las Vegas Celebrity Watch
Photo Gallery: Donny Osmond’s triumphant return to the Flamingo
The Kats Report
'DWTS' champ Donny Osmond still deft afoot in return to Flamingo (7 Comments)
Politics: The Early Line
Meeting of GOP governors draws challengers, not Gibbons (3 Comments)
Politics: Ralston's Flash
Oscar loves forcing developers to sign labor peace agreements, Culinary loves the city's downtown plans and all is forgiven (5 Comments)
Now and Then
Underdog is open on a post pattern
Calendar »
- 27 Fri
- 28 Sat
- 29 Sun
- 30 Mon
- 1 Tue
-
Bill Cosby at Treasure Island
Treasure Island Theatre
-
The Las Vegas Locomotives vs. the Florida Tuskers
Sam Boyd Stadium
-
Papa Roach at the House of Blues
House of Blues | 6:30 p.m. to 11 p.m.
-
Tuff-N-Uff at the Orleans
Mardi Gras Room | 7 p.m. to 11 p.m.
-
David Spade at the Venetian
The Venetian Resort Hotel Casino
The Sun
Locally owned and independent for more than 50 years.
