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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject4/19/2001 12:35:07 AM
From: Softechie   of 37746
 
FED SHOWS ITS DETERMINATION
"The Fed is underscoring a point," said economist Diane
Swonk of Bank One Corp. in Chicago. "They are going to take
whatever action necessary to make sure the ship doesn't sink."

Bob Dederick, economic consultant to Northern Trust Co. in
Chicago, said the Fed was highlighting its concern a capital
investment boom that has fueled much of the expansion was
seriously faltering. Big high-tech companies like Cisco Systems
Inc. have been reporting falling earnings and orders.
"As long as inflation is not a problem, recession-avoidance
is priority number one at the Fed," Dederick said, "And worry
number one is that business spending will go down and take the
stock market and consumer spending with it."

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