Newspaper article The Florida Times Union

Morning Briefs

Newspaper article The Florida Times Union

Morning Briefs

Article excerpt

FEDERAL RESERVE BOARD HOLDS INTEREST RATES STEADY

WASHINGTON -- Federal Reserve policy-makers, worried about companies' inability to create new jobs, held interest rates at a 45-year low on Tuesday and signaled anew that they will be slow to order any future increase that could cramp the economy's recovery.

Private economists viewed the Fed policy statement as more somber than its comments after a similar meeting in late January, reflecting the fact that the central bank has seen two disappointing monthly employment reports since then.

Some economists said it was very likely that the Fed would not raise its target for the federal funds rate, the interest that banks charge each other, from 1 percent until sometime in 2005. That represented a change from the previous view that the Fed simply would wait until after the November election before starting to raise rates.

SUPER BOWL COMMITTEE PICKS HOTEL RESERVATION SYSTEM

The Jacksonville Super Bowl Host Committee named PGI, Inc., a Washington, D.C.-based company, the official reservation system for the 2005 Super Bowl.

PGI will build and maintain a housing reservation Web site for visitors to book hotel rooms. The company has worked with the NFL on past Super Bowl games.

PGI is in the process of contracting with local hotels to secure rooms not already held in the NFL room block. According to the host committee, there are approximately 43,000 rooms in the Super Bowl region from Brunswick and the Golden Isles to south to Daytona. The committee reserved 14,000 of the rooms for the NFL room block, as required for the Super Bowl bid.

Visit Jacksonville.com, keyword: super bowl lodging to be wait-listed for information on available hotels. Within two months, PGI will contact everyone on the waiting list with specifics on available hotel properties in the area and how to make an online reservation. …

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