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Technology Stocks : Intel Corporation (INTC)

INTC 46.47

-4.5%

Jan 30 9:30 AM EST

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To: alex simonson who wrote (7723)	1/9/1997 3:49:00 PM
From: Paul Oberlin	of 186894

>The Fed will raise rates, in my opinion, next meeting.< I disagree. First, you offer no evidence that would compel the Fed to hike rates. As my evidence, I offer the approximately six or so interview with Fed officials over the last few days (all can be found at Reuter's) who have all stated they forsee no uplift in inflation. Ex 1) CHICAGO, Jan 9 (Reuter) - Chicago Federal Reserve Bank president Michael Moskow said Thursday he is not alarmed by the 0.5-percent increase in the U.S. producer price index for December. "If energy starts to spill over into the cost of goods and services, then it becomes a concern. But we haven't seen that yet," Moskow told reporters following a speech to a business group here. December PPI rose 0.5 percent overall and gained 0.1 percent in the core rate. Energy prices rose 3.1 percent.

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