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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (39299)	4/25/2001 7:57:21 PM
From: IQBAL LATIF	Read Replies (1) of 50167

The moderation in employment costs should certainly mollify the Fed. Despite the continued tight labor market, wage inflation remains under control. This data will likely pave the way for another rate cut to keep the economy from sliding further,,... dismal.com With sharp decline in Help wanted advertising declined sharply in February to a reading of 71 from 76 in January. Combined with the steady diet of new layoff announcements, this newest release suggests that labor markets will weaken in the near term. If the March employment report released next week is also weak, there is no doubt that the Fed will act again to try to forestall a downturn in the economy.dismal economy

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