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To: abuelita who wrote (33384)	11/12/2000 9:53:36 AM
From: bonnuss_in_austin	of 35685

Indeed, Rose <g>/Check this out: Good news? "Fed Seen Having No Reason to Change Rates" biz.yahoo.com <<snip>> After next week's meeting, Fed policymakers have just one more session in 2000, on Dec. 19. And at least some analysts see a possibility the FOMC will drop its rate-rising bias before year-end. That hope is heightened by prospects that whether Republican nominee George W. Bush or Democratic nominee Al Gore eventually becomes president-elect, neither may be able to introduce sweeping economic reform like broad tax cuts or increased spending in a tense Congressional atmosphere. Salomon Smith Barney, in a weekly analysis on Friday, said next week's meeting ``will be the last at which such an inflation bias is retained, if in fact it is retained.'' The Citigroup unit added: ``To the extent that political events have lessened chances of significant fiscal relaxation, Fed officials may have one more small degree of freedom to relax policy themselves if current financial conditions persist and the slowing in demand intensifies early next year.'' ________________________ Is this really good news or am I grasping at straws? 'b-i-a' ###

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