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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%Nov 21 9:30 AM EST

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To: Scumbria who wrote (103131)5/4/2000 7:11:00 AM
From: Road Walker  Read Replies (2) of 186894
 
Scumbria, re: "With the recent huge jump in energy prices, an increase in the price of other goods is inevitable. What baffles me is why the Fed thinks they need to raise interest rates. How is that going to bring energy prices down?"

It's not just energy, other commodities and wages are also going up. Raising rates should curb demand, which should lower prices as there will be excess capacity. So goes the thinking.

If Mr. Greenspan gets a little too aggresive, we may see a recession. It's been a long time, but I seem to remember that those are not pleasant.

John
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