Between June 1999 and July 2000, the Federal Reserve raised the federal funds rate six times, for a total increase of 175 basis points. For this and other reasons, the national — and state — ␣economies appear to be growing at a slower rate.
Clayton-Matthews, Alan, "Economic Currents: The State of the State Economy" (2000). Public Policy and Public Affairs Faculty Publication Series. 26.
University of Massachusetts