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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (9887)	11/16/1999 2:27:00 PM
From: Wally Mastroly	Read Replies (2) of 15132

Justa-On the Mark!: Fed raises U.S.(BOTH)rates, shifts to neutral stance(+edit/headlines): Markets drop - but bouncing on back..(Must have read the neurtral stance...) WASHINGTON, Nov 16 (Reuters) - The Federal Reserve raised two short-term interest rates on Tuesday to ensure inflation stays dormant in the buoyant U.S. economy and signaled this may have been the last increase in borrowing costs for a while. The U.S. central bank's decision takes the federal funds rate on overnight loans between banks to 5.5 percent from 5.25 percent, back to the level it was before the Fed started a series of three rapid-fire rate cuts last year. To amplify its move, the Fed also raised its discount rate on direct loans to banks to 5.0 percent from 4.75 percent. biz.yahoo.com - Headlines: 14:21 FED: EXPANSION OF ACTIVITY IN EXCESS OF GROWTH POTENTIAL 14:19 FED VOTE FOR DISCOUNT RATE 5 TO NOTHING 14:19 FOMC: RATE HIKES MARKABLY DIMINISH RISKS OF INFLATION 14:19 FOMC SEES TENTATIVE EVIDENCE OF SLOWING 14:19 FOMC: 'RISKS TO SUSTAINABLE GROWTH PERSIST'

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