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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	7/23/2001 2:58:20 PM
From: Softechie	of 37746

Fed's Guynn - no cause for undue inflation concern JACKSON, Miss., July 23 (Reuters) - Federal Reserve Bank of Atlanta President Jack Guynn said on Monday he did not see any red flags on U.S. inflation in the near term. ``I don't see anything at the moment to cause me to be unduly concerned,'' Guynn told reporters after speaking at a local Rotary Club. Guynn also said he thinks the U.S. economy likely grew at a similar pace in the second quarter as it did in the first when it logged a 1.2 percent growth rate. He said his sense is that the economy is ``still growing very slowly.'' The Atlanta Fed chief also said that consumer spending has stayed at ``respectable levels'' and is likely reaching ``the kind of rate that is closer to sustainable'' without creating inflation pressures.

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