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Politics : Idea Of The Day

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To: James Strauss who wrote (34867)	10/26/2000 2:36:02 PM
From: Challo Jeregy	Read Replies (1) of 50167

James, I guess you didn't see this yesterday . . . (however, the news is already out . . .) Expect Big GDP Slowdown On Friday: Fed’s McTeer “Be prepared for a fairly dramatic slowdown,” Dallas Federal Reserve President Robert McTeer said of Friday’s data on the third-quarter GDP. “The economy is moderating,” he said. “If it lands it will be a soft landing.” Analysts expect 3.7% GDP growth. McTeer also said the recent run-up in oil prices poses a higher risk of inflation than recession. The crude price spikes have been caused by the strong economy, not shortages, he said.

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