Rate Hikes: Once Might Be Enough This Time

If the economy cools, Greenspan may hold off on another increase

At L.L. Bean Inc., apparel sales are exceeding expectations. "Spring has gotten off to a wonderful start," says a spokeswoman for the Freeport (Me.) catalog retailer. In San Francisco, AirTouch Communications says demand for cellular-phone service is ahead of last year, when the carrier enjoyed a 45% surge in new customers. Continental Airlines Inc. filled 67% of its seats in February, giving the carrier its best February ever. "Traffic has never been better," says Chief Operating Officer Gregory D. Brenneman.

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