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Technology Stocks : How high will Microsoft fly?
MSFT 510.37+1.4%3:59 PM EST

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To: werefrog who wrote (54553)12/19/2000 8:41:21 PM
From: Harry Sharp  Read Replies (2) of 74651
 
>>. Now, to this point I still have not seen any news stating the fed has shifted to a neutral bias. Have you? If so, post it. <<

dismal.com

As expected, the Federal Reserve Board decided not to change its target for the federal funds rate at today’s FOMC meeting. The federal funds rate target will remain at 6.5%. However, policymakers voted to change the policy-making committee’s bias towards easing, indicating that it views the risk of a sharp downturn in economic activity outweighs the risk that further inflationary pressures will continue to build. The change in the FOMC’s assessment of the risk to the economy was expected by many, and reflects the clear weakening in consumer spending, business investment growth as well as household and firm expectations in recent weeks.
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