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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Defrocked who wrote (65851)10/1/1999 6:01:00 PM
From: NickSE  Read Replies (2) of 86076
 
Enjoyed your updates today. Have a good weekend.

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NEW YORK (MktNews) - The market's expectation has shifted to largely anticipating a 25 basis point Federal Reserve rate increase next week, and some analysts are saying the market would be disappointed if the Fed does not act.

Sentiment shifted Friday after unexpectedly bearish economic data, including new home sales and sharp increases in the prices paid components of both the National Association of Purchasing Management and Chicago purchasers surveys, analysts said.

"It is becoming more and more obvious the U.S. economy is not slowing down. The Fed cannot afford to do nothing now and run the risk of being locked in a 5 1/4% funds rate through year-end," said James Kochan, bond market strategist at Robert Baird & Co in Milwaukee.

economeister.com

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Regards,
Nick
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