P5b7 Teletext 507 Oct16 21:00:00    ———————  ————————————————  CBI WELCOMES US RATES MOVE The Confederation of British Industry welcomed the cut in US interest rates and hoped a UK rate cut would follow. Sudhir Hpn—nkap, its associate dipactor of economics, s—hd: "It shows a prudent reaction by the Federal Re3—rv— to phe effect of global pressures on the US economy. "It also sends a clear signal on the future trends for rates worldwide," he added. ——————————————————————————————————2/2—— Share index 010 Market repgrt 117 IT RECRUITMENT ADVERTISING p631 Next Shares FTSE Company news