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Strategies & Market Trends : Three Amigos Stock Thread

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To: James Strauss who wrote (8387)	9/6/1998 4:03:00 PM
From: Sergio H	Read Replies (3) of 29382

<Unfortunately this rate cut should have been done about six months ago.> Six months ago there was a strong inclination to raise the interest rates to slow down our economy. The Fed will still find it difficult to lower rates when they meet later this month. Have you seen the avg.hourly wages data reported last week? An annualized increase of over 4%. The hourly wages stats are inflationary, but the softness in the manufacturing sector, brought about by weakness overseas is deflationary or maybe an indication of a recession. A look at the big picture shows that our economy is still healthy and until the we start seeing a definate trend(inflation, deflation etc.), the Fed is very likely to stand pat. Sergio

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