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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST

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To: John Paquet who wrote (41882)10/3/1999 12:06:00 PM
From: goldsnow  Read Replies (1) of 116759
 
I take your bet and raise it by 1 (month)

``Strong, strong and strong,' said Ram Bhagavatula, chief economist at NatWest Global Financial Markets. ``This economy is on a roll and it won't stop until the Federal Reserve does something about it.'

Fed policy makers on the Federal Open Market Committee (FOMC) meet on Tuesday to decide the course of interest rates. Most analysts do not expect a rate hike at that meeting.

Still, the market is bracing for the central bank to announce that it is on guard against inflationary pressures by shifting to a so-called tightening bias from its current neutral stance. That would set the stage for a possible interest rate hike at the subsequent Nov. 16 confab.

biz.yahoo.com
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