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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (9645)11/4/1999 8:00:00 AM
From: Justa Werkenstiff  Read Replies (1) of 15132
 
Fed Unlikely to Raise Rates By Year End, Post's Berry Says


Tokyo, Nov. 4 (Bloomberg) -- Federal Reserve officials are unlikely to raise interest rates before the end of the year, following signs economic growth is slowing, writer John Berry said in a Washington Post article. Economic figures since Oct. 5, when the Fed adopted a ''bias'' toward an increase, have led investors to believe the Fed is now divided over an increase. Philadelphia Federal Reserve President Edward Boehne, in an interview after a Fed survey of economic conditions showed growth may be weakening, said risk of inflation hasn't materialized, Berry said.

The 30-year bond yield fell 1 basis point to 6.12 percent in Asia after the release of the article.

(Washington Post online edition, 11/4)

For the Web site of the Washington Post, enter WPST <Go>.

Nov/04/1999 2:56
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