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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: scotty who wrote (61665)	12/4/2000 10:46:58 AM
From: Ahda	Read Replies (1) of 116764

WSJ: Fed Leaning Toward Shift in Outlook NEW YORK (Reuters) - The Federal Reserve is ``leaning heavily'' toward softening its stance that inflation poses the greatest risk to the economy, warning that a sharp slowdown in growth poses an equal danger, The Wall Street Journal reported on Monday. ``The new view would likely declare that the danger of a sharp slowdown is at least as great as the risk of rising inflation -- the first time officials have made such an assessment since early 1999, when fears of the Asia crisis were still lingering,'' the newspaper reported. Wall Street analysts think the policy stance will shift when the Fed's rate-setting Federal Open Market Committee meets on Dec. 19 for its final meeting of 2000.

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