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Politics : Stockman Scott's Political Debate Porch
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To: keynes_harlot who wrote (7712)10/2/2002 12:54:53 PM
From: Sully-  Read Replies (1) of 89467
 
12:49 ET Fed's Broaddus sounds cautious : Richmond Fed President Broaddus (who is not a voting FOMC member this year) on the tape saying that disinflation is a plausible risk, the labor market recovery is tepid, and the business/consumer mood is pessimistic. But he also notes glimmers of light on the business investment front. This is a relatively negative tone, but the market appears willing to focus more on the positive (possible Fed rate cuts) than the negative (continued economic weakness).
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