Danny,
Exds had a better day today...don't you think?
Btw
Enjoy it while we can...then short tech stocks just before the close on May 15, 2000.
>That's good for workers, but economists, including Federal Reserve Chairman Alan Greenspan, worry that if companies pass on these rising costs to buyers of their products, higher inflation could be triggered.
"Hold on to your hats as Mr. Greenspan's nightmare is beginning to come true. For a long time now, the Fed chairman has been warning . . . that the tight labor markets would ultimately cause labor compensation to surge. Well, as usual, he was right," said economist Joel Naroff of Naroff Economic Advisors.
Amid these worries, some economists said the Fed may boost interest rates by a more aggressive half-point on May 16. All five of the Fed's rate increases since June 30 have been by a quarter-point.
"Instead of jabs, the Fed may have to go with a sharp uppercut," said Oscar Gonzalez, economist with John Hancock. |
