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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Wally Mastroly who wrote (8701)9/21/1999 12:04:00 PM
From: Wally Mastroly  Read Replies (3) of 15132
 
* FED Watch * - Here come the FED-er-alies/UPDATE......:

NY Fed's McDonough-rate change due to Y2k unlikely - Reuters - Tue 11:40am

biz.yahoo.com

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UPDATE = Parry link that follows:

biz.yahoo.com

Excerpt.....

The Federal Reserve aims to keep the U.S. economy ''on the expansion track while maintaining low inflation,'' Parry said.

It is necessary to keep inflation low because both research and experience have shown that if the economy is stimulated all the time, the gains against unemployment are temporary, at best, he said.

''The inflation we get from overstimulating is permanent,'' he said. ''It has to be wrung out of the economy, often at the cost of a period of slow growth or even recession.''




· Alert: Parry -- Fed Aims to Keep U.S. Economy Expanding While Keeping Inflation Low - Reuters - Tue 11:36am

· Alert: Parry -- U.S. Economy Could Exceed Expectations for Fourth Year - Reuters - Tue 11:36am

· Alert: Parry -- "Too Soon to Know" Whether U.S. Productivity Upsurge Will Last - Reuters - Tue 11:35am

· Alert: SF Fed's Parry -- Fed Expects Modest Slowdown From Recent "Very Rapid Rates" - Reuters - Tue 11:35am

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(check US markets for headlines/links):

quote.yahoo.com
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