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THE ECONOMY.(TO THE POINT)

Investor's Business Daily

| June 02, 2004 | COPYRIGHT 2004 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Consumer confidence falls again

The ABC/Money Magazine Consumer Comfort Index fell 2 points to -18 last week, as high gas prices continue to weigh on sentiment. The index hit a 2-year high of -3 in mid-Jan. Just 34% of Americans said it was a good time to buy, the lowest since late March '03. Attitudes about the national economy and personal finances also fell.

NAM: Fed to start slow, speed up

The Fed will have to raise interest rates soon, and probably will do so gradually ahead of the Nov. presidential election, National Association of Manufacturers President Jerry Jasinowski told CNBC. Jasinowski expects rate hikes to start on June 30 and accelerate after the election. He said the manufacturing sector is in good shape to handle higher rates.

U.S., Mexico settle telecom spat

The deal should save consumers millions of dollars in calls between the two countries, after the WTO ruled that Mexico unfairly favors state-owned Telmex. But President Vicente Fox must get Mexico's Congress to pass some laws to comply. That could be an uphill ...

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