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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Les H who wrote (57215)	7/27/2000 8:50:47 AM
From: UnBelievable	Read Replies (1) of 99985

The government's report sharply outpaced Wall Street estimates, which is likely to leave bond and equity markets unsettled in early trading Thursday. A survey of 14 economists by Dow Jones Newswires and CNBC had the June level unchanged, month-to-month. In addition to potentially affecting the markets, the surprisingly strong data may also add to pressure on the central bank to continue its vigilant oversight of the economy. Federal Reserve Chairman Alan Greenspan has said monetary policymakers at the central bank will focus intensely on economic data in the coming weeks before making any decision on interest rates. The Fed has raised rates steadily over the past year, in an effort to slow the U.S. economy to a more sustainable rate. If government statistics point to a resurgance in demand, the central bank may be more likely to consider further hikes, analysts say.

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