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Strategies & Market Trends : Trend Setters and Range Riders
MSFT 475.94+0.4%12:29 PM EST
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To: Susan G who wrote (19350)6/12/2002 2:06:38 PM
From: Frederick Langford  Read Replies (1) of 26752
 
14:02 ET Beige Book notes uneven economy : The Fed's Beige Book headlines indicate that economic growth was moderate but uneven in April/May; that labor market have been soft, retail sales flat, and price pressures muted. Add all of this up and what you have is yet more evidence (though none was probably needed) to support Fed inaction at its June 25/26 meeting, and likely well beyond that. No market reaction is likely
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