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Strategies & Market Trends : games trader group

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To: John Paquet who wrote (114)	10/3/1999 10:54:00 AM
From: goldsnow	of 507

"Exactly why the Fed should wait is a mystery - if anything, the US economy seems to be accelerating rather than decelerating," he said yesterday. "If the Fed does go, equities will be hit hard." Expectations of a rate rise in Europe this week have been heightened by comments from the European Central Bank president, Mr Wim Duisenberg, in New York. "The liquidity situation in the euro area is at present, to say the least, rather generous," Mr Duisenberg said. "Stable prices and the highest possible pace of economic development calls for appropriate action for all policy-makers and economic actors." Mr Duisenberg's comments came in the wake of extremely hawkish comments last week to a European parliamentary committee by his deputy, Mr Christian Noyer, who talked of a possible risk to price stability from a "rather generous" liquidity situation in Europe. afr.com.au

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