Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 35.81

+0.2%

Nov 25 3:59 PM EST

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To: Sonny McWilliams who wrote (24275)	8/24/1999 2:44:00 PM
From: Gerald Walls	Read Replies (1) of 27012

And the FED left the bias at neutral. What a joke. They did this last time around and now they raised the rates by 1/4 point on both fronts. From TheStreet.Com: thestreet.com Fed Hikes Rates 25 Basis Points, Maintains Neutral Bias By David A. Gaffen Staff Reporter 8/24/99 2:14 PM ET ... It had been the Fed's practice to return to neutral following a change in interest rates, but prior to this year, the Fed did not announce decisions on its bias. So in the first test of the new open policy, the markets took the adoption of a neutral bias to mean the Fed was possibly done hiking rates despite the harsh language contained in the Fed's statement, and both stocks and bonds rallied sharply. Now that the market knows its history, a similar euphoric reaction isn't expected.

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